Tag Archives: IRS

The Trump administration plans to eliminate the IRS Direct File program, a free and government-run electronic tool designed to help Americans file their tax returns quickly and easily, according to two sources familiar with the decision. The decision deals a final blow to a hallmark project developed under President Joe …

Close to 20,000 Internal Revenue Service (IRS) employees—roughly 20% of the agency’s workforce—are accepting a deferred resignation offer from the Trump administration, according to a Bloomberg report published on tax day. The move comes as part of a broader federal downsizing initiative led by the Trump administration and Elon Musk’s …

Acting Internal Revenue Service Commissioner Melanie Krause is expected to resign amid growing controversy over the IRS’s new agreement to share taxpayer data with U.S. Immigration and Customs Enforcement (ICE), a move that critics say compromises the privacy of millions and breaks with long-standing legal precedent. Krause’s resignation follows the …

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 The Internal Revenue Service announced Monday that it is cracking down on a complex maneuver that corporations and rich individuals use to avoid taxes, the agency’s latest enforcement action since receiving a badly needed infusion of funding from the Inflation Reduction Act. The new IRS policy …

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 U.S. Internal Revenue Service on Friday won praise from congressional Democrats and progressive groups for announcing “a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations, and promoters abusing the nation’s tax laws.” The IRS effort is enabled by …

Julia Conley, Common Dreams More than a dozen economic justice groups on Friday called on the U.S. Senate Appropriations Committee to move forward with fully funding the Internal Revenue Service, arguing that Republican actions have nullified a debt ceiling deal struck by the Biden White House and GOP leaders. Under …

Jennifer Shutt, Georgia Recorder U.S. House Democrats on Thursday urged the GOP lawmakers running the new Select Subcommittee on the Weaponization of the Federal Government to work with them on genuine oversight investigations that weren’t political or focused on leveling grievances. Maryland Democratic Rep. Jamie Raskin said during the panel’s …

The IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency, a congressional panel found on Tuesday, raising questions about statements by the former president and leading members of his administration who claimed he could not release his tax filings because of the ongoing …

The United States Supreme Court on Tuesday temporarily stopped the Internal Revenue Service from handing over former President Donald Trump’s tax returns to a congressional committee. Chief Justice John Roberts issued an interim stay of a ruling from the U.S. Court of Appeals for the District of Columbia Circuit following …

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 …

On Monday, Tax Day 2022, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Representatives Brad Sherman (D-Calif.) and Katie Porter (D-Calif.), sent a letter to Intuit, the maker of TurboTax, calling out what the lawmakers say are the company’s “unethical use of the revolving …

by Erik Gunn, Wisconsin Examiner April 15, 2022 As midnight approaches on Monday, countless Americans will be ready to finally hit the send button on their computers to get their federal and state tax forms on their way to Uncle Sam. They’ll do that after having spent days pulling together …

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 …