TAX NEWS
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- The federal government loses as much as $304 billion a year to tax fraud, and the IRS has no agency-wide strategy for stopping it, congressional auditors said in a report Friday. The Government …
- The Internal Revenue Service's National Distribution Center is experiencing a sharp decline in demand for paper tax products, according to a new report.
- For the first time, the Internal Revenue Service is proposing to ask taxpayers about their citizenship or legal authorization to work when they fill out income tax returns next year. Advocates for …
- Taxpayers may soon need to disclose citizenship status on tax returns to claim certain refundable credits.
- The Internal Revenue Service today announced the launch of the new IRS mobile app, replacing IRS2Go and expanding the agency’s digital services to give taxpayers more ways to securely access IRS tools …
- A new scam offering a fake tax credit is making the rounds, the Internal Revenue Service warned. Promoters are offering "Tribal Tax Credits" that do not exist under federal law, the IRS said in a …
- A foreign‑gift penalty case reveals how IRS and DOJ can collide, exposing taxpayers even after a refund. The Fuentes dispute highlights a deep flaw in tax administration.
- The federal tax deadline is April 15 for most taxpayers, but you can file an IRS tax extension, which pushes the filing due date to October 15. However, you still must pay your tax balance by the …
- The IRS does not offer one “tax forgiveness” program — relief comes through options like Offer in Compromise, penalty abatement and hardship status. Qualifying depends on your financial situation, …