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IRS Issues Nearly $15B in Refunds After Correcting for 2020 Unemployment Compensation Tax Overpayments
Taxation
The IRS has made corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment…
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Syracuse University Report Finds Disparities in IRS Audits
Taxation
The chances of a millionaire being audited by the IRS last year stood at about one in 100, while lower-income wage earners…
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Blue-State Republican Reps Aim to Repeal SALT Deduction Cap
Taxation
Republicans who flipped or held congressional districts in high-tax states, such as New York, New Jersey and California, are…
Read More
Married Taxpayers Filing Jointly Should be Aware of Glitch With CP-14 Notices
Taxation
Married taxpayers filing jointly who make a balance-due payment online may find the payment not being credited to their…
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IRS Delays Tax Rule for Third-Party Payment Platforms
Taxation
The IRS is delaying, for one year, a change in reporting thresholds for third-party settlement organizations. The change to…
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TIGTA: IRS Backlogs Will Continue Into 2023 Filing Season
Taxation
The IRS will fall short of its goal to clear its backlog of unprocessed tax returns, a report by the Treasury Inspector…
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Small Business Owners Concerned About New IRS Rule for Payment Apps
Taxation
An IRS rule governing payment apps that comes into effect for the 2022 tax year has some small businesspeople concerned…
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Favored Tax Provisions May Be Left Out of Congressional Budget Bill
Taxation
Hope is dwindling that Congress will reach a budget deal that gives both Democrats and Republicans important policy…
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Presenting Positive Financial Report, IRS Is Also Faulted for Poor Service by GAO
Taxation
The IRS took in trillions of dollars and distributed billions in refunds and other outlays, accord to its recently recent…
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