TAX NEWS
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- The Internal Revenue Service's National Distribution Center is experiencing a sharp decline in demand for paper tax products, according to a new report.
- 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 …
- 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 is warning taxpayers, businesses, tribal communities and tax professionals about promoters selling supposed federal tax credits that the agency says don’t exist. The …
- 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.
- Taxpayers may have to state whether they’re legally in the US if a draft of a common annual tax form floated by the IRS gets adopted for the next filing season.
- Promoters may also urge taxpayers who previously claimed these fake credits to challenge the IRS during an audit. A federal tax return claiming a nonexistent Tribal Tax Credit contains a false claim, …
- See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The Internal Revenue Service (IRS) announced a new online "Tax Debt …