IRS April 17, 2025
Billy Long, a former GOP lawmaker and President Donald Trump’s nominee for IRS commissioner, disclosed in new federal filings on Tuesday that he paid himself back using campaign donations for a $130,000 loan he made to his failed 2022 Senate campaign.
Taxes April 17, 2025
Harvard University pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America.
Taxes April 16, 2025
The Trump administration is reportedly planning to pull the plug on IRS Direct File, the free online service that allows many taxpayers to file their tax returns directly with the agency.
IRS April 16, 2025
An internal memo said the IRS workforce, which sat at approximately 100,000 when President Donald Trump took office on Jan. 20, could be reduced to as little as 60,000 to 70,000 employees in the coming months.
Taxes April 16, 2025
Generally, you can claim depreciation-related tax breaks for qualified business property that is “placed in service” during the year. But in a new case involving a yacht chartering operation, the Tax Court acknowledged that these can be tricky tax waters.
IRS April 16, 2025
About one-fifth of the IRS workforce has requested to take an offer through the second deferred resignation program to be put on paid administrative leave through the end of September.
IRS April 16, 2025
Monday was the last day for IRS workers to upload their resumes, so agency leaders could determine their qualifications, which they were instructed to do earlier this month as part of a planned reduction in their workforce.
IRS April 15, 2025
Rajiv Uppal, who has served as CIO since January 2024, is leaving the agency, adding to the growing list of IRS leaders who are planning their exits as a result of the Trump administration's plan to reduce the federal workforce.
Taxes April 15, 2025
According to the Institute on Taxation and Economic Policy, undocumented taxpayers contributed an estimated $8.5 billion in state and local taxes in California in 2022, more than in any other state.
Taxes April 15, 2025
Through April 4—the latest date currently available—the IRS has issued 67,745,000 refunds, roughly 1.4% more than the 66,799,000 that had been issued by that time last year.
Taxes April 15, 2025
New legislation proposed by Sen. Joni Ernst (R-IA), called the "Audit the IRS Act," is aimed at ensuring that IRS employees are up to date with their taxes.
Taxes April 14, 2025
As a result of the severe storms, which included tornados and flooding, that began on April 2, taxpayers now have until Nov. 3 to file various individual and business tax returns and make tax payments.