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The Latest Breaking News from Internal Revenue Service

Elon Musk’s DOGE seeks access to US taxpayers’ data, sparking privacy fears

Democratic lawmakers express concern that Tesla CEO is seeking to weaponise the tax system against his rivals.

Al Jazeera

Department Of Homeland Security Seeks IRS Help For Immigration Enforcement

The Department of Homeland Security requests IRS assistance in immigration enforcement efforts to enhance national security and border control.

Top News

IRS Employees Who Took Trump 'Buyout' Ordered to Stay, Told Their Work Is Too 'Essential'

Internal Revenue Service (IRS) employees who accepted the Trump administration's buyout and opted for deferred resignation have been asked by their employers to continue working for a few months due to the "essential" nature of their jobs.

Latin Times

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Trump’s demands to drop DEI leads to deletion of unrelated federal pages

IRS handbook containing mentions of taxpayers’ ‘inequity’ and ‘inclusion’ have been wiped, WSJ reports

The Guardian - US

New IRS funding boosted tax enforcement and improved taxpayer services during the Biden administration

The Internal Revenue Service has ramped up its efforts to recover unpaid taxes from millionaires. It collected more than US$1.1 billion from 1,600 wealthy Americans with known but unpaid tax debts in the 2024 fiscal year, up from just $38 million a year earlier.

The Conversation

"Two Men Plead Guilty to Acting as Illegal Agents of the PRC Government and Bribery"

From Thursday's press release by the Justice Department (see also the Indictment itself): JOHN CHEN and LIN FENG pled guilty to acting as unregistered agents of the government of the People's Republic of China ("PRC") and bribing an Internal Revenue Service ("IRS") agent in connection with a plot to target…

Reason

The average American confronts new 401(k), retirement savings facts

An Internal Revenue Service (IRS) document explains what people need to know for the remainder of 2024.

The Street

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House Republicans aim to pay for Israel aid with cuts to IRS funds

Democrats want Israel and Ukraine funding to be linked together. House Republicans are proposing a standalone bill with roughly $14 billion for Israel offset with cuts to the Internal Revenue Service.

WEKU

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

The Conversation

Watch live: IRS agent Gary Shapley testifies on Hunter Biden investigation

Internal Revenue Service agent Gary Shapley will testify before the House Oversight and Accountability Committee hearing about alleged meddling by US president Joe Biden in the Justice Department’s investigation of his son, Hunter Biden.

The Independent UK

IRS whistleblowers to testify to Congress as they claim 'slow-walking' of Hunter Biden case

Whistleblowers claiming the Justice Department improperly interfered with a yearslong investigation into Hunter Biden will testify before Congress as House Republicans accelerate their probes into the president and his family

The Independent UK

The Government May Owe You Part of a $1.5B Sum — But It'll Be Gone Soon

The IRS tells filers how to get those unclaimed refunds before they're gone.

The Street

IRS nominee Daniel Werfel confirmed by Senate vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

The Independent UK

Black married couples face heavier tax penalties than white couples, a report says

The report is part of a growing body of research into whether institutions and policies reinforce preexisting racial disparities.

WEKU

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The Independent UK

IRS nominee: No audit boost for households under $400,000

President Joe Biden's nominee to lead the Internal Revenue Service says that, if confirmed, he will commit to not increasing tax audits on businesses and households making less than $400,000 per year

The Independent UK

IRS urges special refund recipients to delay filing taxes

The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year

Tribune News Service

Karl Smith: Republican tax proposals aren’t as bonkers as they sound

Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the Internal Revenue…

The Street

What Is the Treasury Department? Responsibilities & History

What Is the U.S. Department of the Treasury?The U.S. Department of the Treasury oversees the management of the U.S. government’s finances and helps to set fiscal policy. The department also collects revenue in the form of taxes via the Internal Revenue Service and raises funds with the sale of ...

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The Street

What Is the Internal Revenue Service (IRS)? Definition & History

What Is the Internal Revenue Service?The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax filings each year. It is also one of the oldest bureaus in operation, ...

Fortune

Tax season 2023 gets underway. Your questions answered

IRS starts accepting and processing 2022 returns on Jan. 23, but last-minute filers will have a little extra time.

Chicago Sun-Times

Cook County Commissioner Sean Morrison took $300K from nonprofit linked to Ken Griffin

Morrison got the money in his tight reelection race from a nonprofit that has financial ties to a PAC funded by the billionaire.

Reason

Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS

Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.

The Street

Biden Slams House Republican Bill to Abolish IRS: 'Flat Veto'

The President weighs in on a proposal to do away with the Internal Revenue Service, and he does not mince words.

Tribune News Service

Alexis Leondis: The IRS needs billions to make trillions

Regardless of how you feel about the Internal Revenue Service — it’s dysfunctional, it’s underfunded, or both — there’s a basic point that’s hard to refute: The current system to ferret out wrongdoers is terrible. And in a move that will only make it worse, House Republicans voted Monday to…

Tribune News Service

How House Republicans will investigate Biden after Democrats probed Trump

WASHINGTON — The new Republican majority in the U.S. House is readying a fusillade of investigations into President Joe Biden, his family and his administration, upholding a key promise of the midterm election campaigns following Democratic-led inquiries of former President Donald Trump.

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