IRS
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With Tax Day around the corner, the fear of an audit looms for some Americans. A recent report by Stanford University shows that some Americans are being targeted for audits more than others. Stanford report showed black taxpayers might have more to stress about come tax time. The report found the Internal Revenue Service (IRS) […]
WASHINGTON, Jan 23 (Reuters) – The U.S. Internal Revenue Service kicks off the 2023 income tax filing season on Monday armed with 5,000 new customer service representatives to slash call waiting times as the Biden administration implements $80 billion in new IRS funding. The new hires and technology improvements to more efficiently process paper tax […]
WASHINGTON, July 11 (Reuters) – U.S. tax commissioner Charles Rettig will face questions from legislators over how two former FBI officials vilified by former President Donald Trump were targeted for intensive tax audits, lawmakers and the Internal Revenue Service said on Monday. The Senate Finance Committee will hold a closed-door hearing on July 26 into […]
The Biden administration’s efforts to secure emergency funding for the Treasury Department’s sanctions efforts were met in full — except for one. Republicans balked at the request to infuse the IRS investigations unit (IRS-CI) with $30 million, according to people involved in the negotiations. The objection was tied to concern over the agency, which sits […]