A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on a Chicago skyscraper.
Category: Internal Revenue Service
-
Thousands Are Eligible for Tax Refunds From 2020
The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money. The deadline for filing to get it is May 17.
-
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.
-
Biden Targets Private Jets in Hunt for Tax Revenue
The White House’s new focus on corporate aviation is drawing backlash from an industry that says it supports manufacturing.
-
How Trump’s Justice Dept. Derailed an Investigation of a Major Company
The industrial giant Caterpillar hired William Barr and other lawyers to defuse a federal criminal investigation of alleged tax dodges.
-
The I.R.S.’s Taxpayer Experience Officer Says Open Your Mail Already
Ken Corbin is fixing the phone lines — but those foreboding letters are staying the same.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.