Jan 10 Despite funding boost, IRS still grapples with backlogs and identity theft, watchdog warns By Fatima Hussein, Associated Press The IRS is experiencing “extraordinary delays” in assisting identity theft victims, taking nearly 19 months to resolve self-reported cases, which the report calls “unconscionable" since a delay in receiving a refund can worsen financial hardships. Continue reading
Sep 29 IRS contractor charged with leaking tax return information of Trump, other wealthy people By Lindsay Whitehurst, Associated Press The Justice Department said in a statement Friday that 38-year-old Charles Edward Littlejohn of Washington, D.C., is accused of stealing tax return information and giving it to two different news outlets between 2018 and 2020. Continue reading
Sep 18 Hunter Biden sues IRS, says agents shared his personal tax information By Lindsay Whitehurst, Associated Press The suit comes as a long-running investigation into Hunter Biden continues to unfold against a sharply political backdrop, including an impeachment inquiry aimed at his father, President Joe Biden. Continue reading
Jul 24 IRS is ending unannounced visits to taxpayers By Fatima Hussein, Associated Press The IRS says it is ending its decades-old policy of making unannounced home and business visits — in a an effort to keep its workers safe and combat scammers who pose as IRS agents. Continue reading
Apr 16 Why Tax Day is April 18 this year, and how early spring became tax season By Thomas Godwin, The Converastion The tax deadline has been pushed back to April 18 this year, giving those leaving it to the last minute a few extra days. Usually, the day falls on April 15. But why is Tax Day in April anyway? Well,… Continue reading
Mar 09 Watch 5:25 News Wrap: Russia launches large-scale attack across Ukraine In our news wrap Thursday, Russia launched its biggest barrage in a month across Ukraine, Senate Majority Leader Mitch McConnell was hospitalized in Washington after a fall, the Senate confirmed President Biden's pick to lead the IRS, the FBI is… Continue watching
Aug 11 Watch 7:24 Examining the tax provisions in the Democrats' budget bill By Lisa Desjardins As the House prepares to cast the final vote Friday on the Democrats’ sweeping climate and health care bill, we take a look at how the legislation also impacts tax policy. Michael Graetz, a professor of tax law at Columbia… Continue watching
Aug 10 Watch 6:21 How the Inflation Reduction Act could affect your taxes By Lisa Desjardins, Courtney Norris There’s a $1 trillion gap between what Americans owe in taxes and what the government collects. The Democrats’ budget deal would unleash nearly 100,000 new IRS agents to round up all that missing money. Former IRS Commissioner John Koskinen joins… Continue watching
Jul 07 Watch 5:18 News Wrap: American WNBA star Brittney Griner pleads guilty to drug possession in Russia In our news wrap Thursday, American WNBA star Brittney Griner pleaded guilty in a Russian court to drug possession, Ukraine raised its national flag on Snake Island, Derek Chauvin was sentenced to 21 years in prison on federal charges, U.S. Continue watching
Apr 17 Why Tax Day laggards should consider filing for an extension By Fatima Hussein, Associated Press Monday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS will receive tens of millions of last-minute filings electronically and through paper forms. Continue reading