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The IRS said Thursday it will ramp up a program that allows taxpayers to electronically file their taxes directly with the agency, but the extent of the expansion will depend on how many states partner with it.
The Treasury Department fired back Tuesday at House Republicans who want to defund the new IRS Direct Filing program, which will allow taxpayers to send their tax returns directly to the agency without using commercial software from companies like Intuit or H&R Block.
Former president Donald Trump could end up owing more than $100 million to the Internal Revenue Service after he used a dodgy accounting tactic to claim improper tax breaks on his Chicago building, according to a The New York Times and ProPublica investigation.
The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of wealthy people and major companies.
IRS Commissioner Danny Werfel may not expect taxpayers to actually enjoy dealing with the nation’s tax collection agency, but he thinks that it’s at least becoming much easier and simpler for them.
Former President Donald Trump, facing mounting legal bills, has lately taken to hawking various items other presidential candidates would have turned their noses up at, like sneakers and country music-themed Bibles .
Counties with a higher proportion of low-income or residents who are Black or Hispanic are more likely to also have storefront offices of paid tax preparers, according to a new report.
Tax season has rolled around once again, and so has the inevitable dread that comes with it.