INSIDER
Taxpayers who haven’t filed 2021 tax returns who may be eligible for a COVID stimulus payment must file it by April 15 to claim the credit.
In December, the Internal Revenue Service announced it would send payments to eligible taxpayers who didn’t receive one or more stimulus checks during the pandemic. Now, fraudsters are impersonating the IRS to steal info, says the Better Business Bureau.
As tax season begins, the IRS is warning taxpayers about ghost preparers - individuals who complete tax returns for others but refuse to sign them or provide an official identification number.
The Internal Revenue Service is expanding its Direct File program to all 50 states following a successful pilot in 12 states, including Florida.
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks.
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.
The IRS is warning taxpayers that they may be leaving more than $1 billion on the table.
IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months.
Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic.
The Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers.
