Ken Corbin is fixing the phone lines — but those foreboding letters are staying the same.
Category: Internal Revenue Service
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What You Need to Know for the 2024 Tax Season
There are tax breaks for electric car purchases, SALT workarounds, benefits for retirees and a new system for eligible taxpayers to file their returns.
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A Tax Sunset Will Change What You Owe the I.R.S.
Important regulations expire at the end of next year, thwarting tax planning and creating a monumental fiscal challenge for Congress.
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I.R.S. to Crack Down on Corporate Jet Users Who Abuse Tax Code
The tax collection agency’s scrutiny will involve new data analytics tools to find private jet owners who claim millions of dollars in deductions on planes being used for personal travel.
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I.R.S. Commissioner Warns Budget Cuts Would Add to Deficit
Daniel Werfel, the Internal Revenue Service commissioner, pushed back against claims from Republicans that he had not been following the law.
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I.R.S. Commissioner Aims to Show Progress Amid Threats of Budget Cuts
Daniel Werfel will try to persuade skeptical Republicans on Thursday that funding the tax agency is a good investment.
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Effort to Revamp I.R.S. Struggles Despite Multibillion-Dollar Infusion
The Office of the National Taxpayer Advocate lamented that the tax collection agency, which now faces budget cuts in Congress, is still struggling to answer the telephones.
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I.R.S. to Begin Trial of Its Own Free Tax-Filing System
Residents of 12 states are eligible to participate if they meet certain criteria. But the agency’s plans have already met resistance from tax preparation companies.
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I Spent New Year’s Eve Trying to Do the FAFSA. It Didn’t Go Well.
The new, simplified version of the college student aid form was supposed to become available in December. It was, kind of, for some people.
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U.S. Moves to Crack Down on Money Behind Fentanyl Trade
Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl.
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Peter Schiff Will Receive Settlement to End His Defamation Suit
The money manager had sued an Australian media company that reported on a tax investigation into his bank, Euro Pacific.