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The Latest Breaking News from IRS

The IRS unveiled a 10-year spending plan designed to crack down on wealthy tax dodgers and improve customer service, but Republicans warn against an “army” of auditors descending on middle-class workers. CQ Roll Call’s David Lerman and Laura Weiss outline the partisan battle over IRS funding and what it means…

Roll Call

IRS Overhaul Means Chances of an Audit Increases Tenfold (For The Wealthy)

The IRS plans to use the $80 billion in new federal funding to increase audits of corporations and wealthy residents.

The Street

I tried to pay my taxes in cash – here's what happened, and why the IRS should make it easier to do so

About two-thirds of all U.S. residents who file federal income taxes typically get a refund. Unfortunately, this year I am among the other third who owe the Internal Revenue Service money.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

IRS Is 48 Days Late To Issue Report Telling American Public How It'll Spend New $80 Billion

The agency’s new report tells us practically nothing of significance.

Reason

New Mexico Cops Fatally Shoot Homeowner After Showing Up at the Wrong House

Plus: Los Angeles sues journalist who published police photos, IRS releases $80 billion budget plan, and more...

Reason

5 tax tips for older adults

More than half of older taxpayers (57%) are worried they’ll have to pay more taxes this year because of the 5.9% Social Security cost-of-living adjustment in 2022, according to a January survey by The Senior Citizens League

The Independent UK

No, the IRS isn't calling you. It isn't texting or emailing you, either

Since 2018, over 75,000 victims have lost $28 million to IRS imposters over the phone, email, texts and more. Here's how the IRS actually contacts taxpayers and how you can spot imposters.

WEKU

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AP News Digest 3:05 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK

IRS unveils plan to crack down on tax cheats, improve service

WASHINGTON — The IRS unveiled a 10-year plan Thursday for going after upper-income households and bigger businesses that dodge taxes while also becoming a more nimble agency with top-tier customer service.

Tribune News Service

A new solar energy deal will bring power to 140,000 homes and businesses in 3 states

The agreement calls for Qcells and Virginia-based Summit Ridge Energy to deploy community solar projects capable of generating 1.2 gigawatts of electricity in Illinois, Maine and Maryland.

WEKU

Harris promotes huge community solar deal in Georgia visit

The Biden administration has unveiled what it calls the largest community solar effort in U.S. history, enough to power 140,000 homes and businesses in three states

The Independent UK

IRS $80 Billion Plan Targets Taxpayer Compliance, Improved Service

The IRS unveiled its much-anticipated strategic operating plan detailing how the agency will spend $80 billion in funding allocated over 10 years under the Inflation Reduction Act.

Kiplinger

IRS pledges better customer service, no new agents with guns

The IRS is outlining how it plans to use an infusion of $80 billion for improved operations

The Independent UK

IRS unveils plan to crack down on tax cheats, improve service - Roll Call

The IRS unveiled a 10-year plan Thursday for going after upper-income households and bigger businesses that dodge taxes.

Roll Call

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The Street

Fraudsters Prepped With Scams for Tax Season

Cybercriminals use robocalls, pretend to be IRS agents, and offer fake refunds to lure you into their scams.

The Street

Don't Fall For These Scams During Tax Season

Fraudsters take advantage of the fear consumers feel about paying taxes and get away with scams of offering fake refunds or pretending to work for the IRS.

The Independent UK

How a tax extension can delay a business loan application

Filing for a tax extension is sometimes unavoidable

The Guardian - US

Rightwing legal activist accused of misusing $73m from non-profit groups

A watchdog complaint filed with the IRS presents an accounting of the money paid to Leonard Leo’s for-profit businesses

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Los Angeles Times

Commentary: It’s a miracle most Americans pay their taxes. Crypto could upend that norm

One of the many questions raised by cryptocurrency is how to tax this new world of digital assets. It poses real tax evasion concerns.

Los Angeles Times

How to file your taxes and get your refund for free in 2023

Historically, April is tax time. (We will hold briefly for boos.) But there is a silver lining. Two, actually: Most people don’t need to pay for special software to file them. And if you’re fortunate enough to be a Californian, your state and federal taxes probably aren’t due until October.

Salon

Rich get tax breaks for planes, yachts

All you have to do is make a case you’re using it for business, which turns out to be surprisingly easy

Kiplinger

Arkansas Tax Deadline Extended After Severe Storms, Tornado

People directly impacted by the devastating Arkansas tornado and severe storms have more time to file their federal and state tax returns.

The Street

Testing ChatGPT: What Happens to My Refund if I File an Extension?

We ask ChatGPT a financial question about tax-filing deadlines, extensions and refunds. See what a human expert thinks of the AI answer.

TechRadar

IRS-authorized tax service eFile was found sending out malware

eFile Malware would give the attackers full control over the target endpoint.

Reason

I Gave Myself Severe Diarrhea for Science. Don't Tax Me for It.

Eliminating taxation on compensation for being a human guinea pig is just good public policy.

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