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IRS recovers $4.7 billion in back taxes
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 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.
Yahoo News
16h
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 ...
ConsumerAffairs
11h
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 ...
federalnewsnetwork.com
2d
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.
3d
on MSN
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 ...
12h
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.
4d
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.” ...
5d
Clear Start Tax Shows How $32,000 IRS Debt Was Settled Down to Only $100 Through This Government Program
With Ken's $32,000 IRS tax debt reduced to just $100, Clear Start Tax underscores its commitment to empowering clients with ...
2d
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 ...
4d
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, ...
4d
IRS: There's a key deadline approaching for required minimum distributions
If you’re age 73 or older and retired, the annual deadline for required minimum distributions, or RMDs, is approaching.
Hosted on MSN
1d
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.
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