IRS April 4, 2025
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it.
Taxes April 4, 2025
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Taxes April 4, 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
IRS April 3, 2025
Those who were casualties of the Trump administration's federal cost-cutting purge in February but later reinstated and put on paid leave last month after two court rulings have been told to come back to their jobs on April 14.
Taxes March 31, 2025
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Taxes March 31, 2025
The IRS has sent more than 55.7 million refunds to taxpayers totaling nearly $179.5 billion thus far this tax season, an increase of 1.3% and 5.9%, respectively, from last year.
Taxes March 29, 2025
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
Taxes March 28, 2025
The IRS Criminal Investigation unit released new statistics on March 28 highlighting how the agency has investigated financial crimes using Bank Secrecy Act data.
Taxes March 27, 2025
With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip side—bigger tax bills and smaller refunds.
IRS March 26, 2025
The IRS Criminal Investigation unit has launched 2,039 tax and money laundering cases related to COVID fraud, with attempted fraud in these cases totaling $10 billion, since the CARES Act was signed into law in March 2020.
Taxes March 26, 2025
Disruptions at the IRS have some people, especially millennials, thinking about cutting corners on their taxes, while some are considering forgoing filing altogether, according to Intuit Credit Karma.
Taxes March 25, 2025
Cuts to IRS staffing and taxpayer behavior are contributing factors in the anticipated revenue decline.