Category: Internal Revenue Service

The I.R.S. Shut Its Direct File, but Here Are Other Free Filing Options

The New York Times – Business:
The agency still offers a Free File program that works with commercial tax software firms. Some companies also offer free tools for certain filers.
I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight

The New York Times – Business:
The agency is using real-world profit data to challenge how big companies value offshore intellectual property.
Doing Your Taxes? We Want to Hear From You.

The New York Times – Business:
The New York Times is looking to speak to Americans about how the most recent tax cuts are affecting their pocketbooks.
Trump’s Lawsuit Against I.R.S. Creates ‘Enormous Conflict of Interest’

The president is demanding that the federal government pay him at least $10 billion over the unauthorized disclosure of his tax returns during his first term.
Your Tax Refund Could Be Taken if You’ve Defaulted on Student Loans: What to Know

Millions of people are at risk of the government’s seizing their refunds to pay what is owed on student loans.
Push to Audit Private Equity and Venture Capital Falters Under Trump

Specialists have left the I.R.S. and audits have been abandoned since the president returned to office.
Trump Dangles Cash Payments to Assuage Affordability Concerns

With tariffs unpopular and prices still high, the White House has teased the promise of tariff rebates and large tax refunds next year.
Should You Donate to Charity This Year or Wait? It Depends.

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.
Elon Musk’s Foundation Grows to $14 Billion, but Gives Little to Outsiders

The philanthropy has become one of America’s biggest, but most of its giving went to charities closely tied to the world’s richest man.
For ‘No Tax on Tips,’ the I.R.S. Gets Intimate

The Trump administration wants to exclude earnings from “pornographic activity” from a new tax break for tips. Will the I.R.S. know it when it sees it?
Judge Places Hold on IRS Data Sharing With ICE

A judge halted a federal deportation effort Friday, writing that the tax agency had illegally disseminated the data of some migrants.
The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.

Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S.