IRS sending out $2.4 billion worth of stimulus checks: Are you eligible to receive one?
The IRS announced eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return are in line ...
IRS says taxpayer service will suffer if Congress cuts modernization funds
The Internal Revenue Service said on Friday it will launch the 2025 tax filing season on Jan. 27 with expanded tools that ...
Why IRS Will Owe Some Americans Extra Money on Top of Tax Refund
If a tax refund is delayed by more than 45 days, the IRS is legally required to pay interest on top of the refund. While this ...
Government Executive2h
IRS chief predicts agency 'performance will backslide' if funds and staffing are cut
The agency says it is fully prepared for filing season in the near term but backlogs could return if the Trump administration ...
IRS service is improving, report to Congress says. But, it’s still dogged by ‘delays, frustration’
For the first time since I became the National Taxpayer Advocate in 2020, I can begin this report with good news: The taxpayer experience has noticeably improved,” Taxpayer Advocate Erin Collins wrote ...
JD Supra1d
Treasury and IRS Release Final Regulations Applicable for Front-End Service Providers Facilitating Digital Asset and Cryptocurrency Transactions
On December 30, 2024, the Department of the Treasury (the Treasury) and the Internal Revenue Service (the IRS) published the final regulations ...
Financial Advisor5h
IRS Raises 401(k) Contributions, With Catch-Up Provisions As High As $11,250
The IRS also gave older workers the greenlight to increase retirement savings using catch-up contributions. Employees over 50 can make catch-up contributions of up to $7,500, while those age 60 to 63 ...
Your IRS refund could take years if you were a victim of ID theft. The national taxpayer advocate wants that fixed
Tax-related identity theft is common, but the Internal Revenue Service is often too slow to move when refunds become ...