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NEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.
WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.
WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.
WASHINGTON (AP) — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025.
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.
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.
WASHINGTON (AP) — The IRS is warning taxpayers that they may be leaving more than $1 billion on the table.
WASHINGTON (AP) — IRS Commissioner Danny Werfel has a message for high-wealth tax cheats who are wrongly deducting private jet travel and otherwise shorting the government on their taxes: Pay your fair share so “others aren’t shouldering the burden of funding our government.”