IRS, tax

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation's tax collector received a massive glut of funding through Democrats' flagship tax,
IRS says it has recovered $4.7 billion in unpaid taxes. Republicans want to cut enforcement funding.
Recovered funds include $1.3 billion from high-income taxpayers who did not pay overdue debts, $2.9 billion related to IRS criminal investigations and $475 million in proceeds from criminal and civil cases that stemmed from whistleblower information.
IRS recovers $4.7 billion in back taxes
The IRS announced the recovery of $4.7 billion in back taxes and proceeds from various crimes since receiving increased funding through legislation in 2022.
IRS recovers $4.7 billion in taxes from scofflaws. But it's bracing for funding cuts under Trump
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
Trump Tax Cuts May Fail to Drive Much, If Any, Economic Gain
President-elect Donald Trump says renewing tax cuts would turbo-charge investment and boost US economic growth — a pledge that helped propel him to election victory in November.
IRS recovers $4.7 billion in back taxes, braces for cuts under Trump and GOP majority
The collections included $1.3 billion from high-income taxpayers who did not pay overdue tax debts and $2.9 billion related to IRS Criminal Investigation work into crimes like drug trafficking and terrorist financing.
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Opinion | House Republicans wants Trump to make the IRS less helpful to taxpayers
In May, the IRS said the program would be expanded and made permanent. But of course, there are Republicans who would like ...
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The IRS reminds many taxpayers they can prepare their 2024 return for free
With the beginning of income tax filing season just weeks away, the IRS says millions of taxpayers will qualify for the IRS’s ...
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Looming cuts threaten IRS plans to keep growing workforce and crack down on tax evasion
IRS Commissioner Danny Werfel says another $20 billion cut to the IRS’ budget would limit its ability to keep hiring.
Heads up if you’re a freelancer or small business owner: The IRS may need something new from you
Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who ...
IRS data shows ‘Blue State Exodus’ over past 30 years
Millions of residents in blue states have migrated to red states within the past 30 years, according to federal data.
IRS urges some U.S. residents to withdraw funds. Here’s why.
The Internal Revenue Service (IRS) is urging some folks to make one of those things “withdraw funds.” ...
IRS unveils new income tax brackets and deductions for 2025
The IRS has announced key tax changes for 2025 due to inflation, including adjustments to income tax brackets, deductions, ...
IRS arrest of S.A. investment adviser, beloved Mexican restaurant’s goodbye among week’s top stories
The suicide of a San Antonio police officer and news that the North East Independent School District might close three ...
Musk's charitable foundation falls short of IRS standard for donations: NYT
There is new reporting that Elon Musk's charitable foundation fell $421 million short of the amount required to give away in ...
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New IRS 1099-K Tax Rule: Here's What Freelancers Who Made Money on PayPal or Cash App Need to Know
If you earned over $5,000 or more in income via third-party apps, you should get a 1099-K to file with your tax return.