Tag Archives: Internal Revenue Service

The Internal Revenue Service (IRS) is preparing to terminate more than 6,000 employees by the end of the week, marking one of the most significant workforce reductions in the agency’s history. According to an internal email obtained by CBS News, more than half of the affected employees—over 3,500—will come from …

Jake Johnson, Common Dreams During the final year of Donald Trump’s presidency, the Internal Revenue Service audited low-income families at a higher rate than millionaires for the first time, according to an Americans for Tax Fairness analysis released as congressional Republicans work to further hamper the agency’s ability to crack …

The Internal Revenue Service (IRS) said Friday it would pay 5 percent interest to people with delayed tax returns starting in July, up a full percentage point from the last interest rate increase in April. The agency will also pay 4 percent interest on delayed corporate tax returns, 5 percent …

The Internal Revenue Service (IRS) is scrapping a plan to require people to verify their identities using facial recognition software to access their information on the agency’s website. The IRS previously announced it planned to implement a new verification process that required taxpayers to upload a photo ID and then …

A report from ProPublica, an investigative newsroom, reveals that the richest 25 people in the United States have a “true tax rate” of almost nothing. The nonprofit organization received IRS data from an unidentified source. “Looks like the biggest tax story of the year, if not the decade,” Gabriel Zucman, …