The IRS’ overloaded phone system hung up on more than 8 million taxpayers this filing season as the agency cut millions of dollars from taxpayer services to help pay to enforce President Barack Obama’s health law. Continue reading
Whether you are like the 90 million other taxpayers that filed early or were waiting until the last day (which is today), you should be entitled to get a little something for filing your taxes. Luckily, there are many companies that feel the same way and are willing to give you that extra pat on the back.
Bad news for taxpayers this year: If you have questions for the Internal Revenue Service, getting through is going to take longer. If you’re waiting for a refund, you may face a delay. The IRS attributes this to five years of federal budget cuts, which have led to a hiring freeze and a lack of resources. Judy Woodruff interviews Commissioner John Koskinen about these problems and oversight of the IRS. Continue reading
The head of the IRS says his agency has eliminated a huge processing backlog of groups seeking tax-exempt status. Continue reading
WASHINGTON — Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam that has cost taxpayers $15.5 million. Continue reading
WASHINGTON — Being uninsured in America will cost you more in 2015.
Without a Democratic majority in the way, Republicans in the Senate will likely take on these five items. Continue reading
A growing number of U.S. companies are shifting their addresses abroad in an effort to reduce their U.S. taxes. The maneuver is known as a corporate inversion. Continue reading
On Friday, the IRS issued a report to Congress saying the agency also lost emails from five other employees related to the probe, including two agents who worked in a Cincinnati office processing applications for tax-exempt status. Continue reading