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IRS workforce surpasses 100,000 employees, but faces ‘war of attrition’ retaining staff
An IRS watchdog warns the agency faces challenges hiring enough employees to replace the number of employees it expects to ...
Why IRS Will Owe Some Americans Extra Money on Top of Tax Refund
If a tax refund is delayed by more than 45 days, the IRS is legally required to pay interest on top of the refund. While this is good for the taxpayer, Collins noted that it's not financially ...
IRS Reverses Course On Listed Transaction Penalties In New Guidance
The IRS quietly released an Action on Decision on Jan. 2, 2025, which provides significant concessions to taxpayers involved ...
IRS has improved taxpayer services but is slow to resolve ID theft, an independent watchdog says
An independent watchdog finds the IRS has improved its overall taxpayer service through Democrats' Inflation Reduction Act ...
IRS Extends Tax Deadline For Jimmy Carter Remembrance Day
After Carter died on December 29, aged 100, President Joe Biden declared January 9 as a day of national day remembrance ...
IRS: Missing final 2024 quarterly estimated tax payment could trigger 'unexpected penalties'
The fourth-quarter estimated tax payment for 2024 is Jan. 15. Here's how to avoid "unexpected penalties," according to the ...
Warren questions Trump IRS nominee’s experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service ...