Taxpayers who are owed refunds will be paid on time, despite the government shutdown that has closed many federal agencies, a Trump administration official said Monday as concern mounted over the risk that the payments could be delayed.
By Tami Abdollah, Associated Press
The attorneys general of the District of Columbia and Maryland plan to file subpoenas Tuesday seeking records from the Trump Organization, the Internal Revenue Service and dozens of other entities as part of a lawsuit accusing Donald Trump of profiting…
In the news wrap Tuesday, an engine exploded on a Southwest airlines flight, en route from New York City to Dallas. It sent metal fragments into a window and killed a woman. Also, the IRS website for online payments broke…
By Marcy Gordon, Associated Press
The IRS, pummeled for years by congressional Republicans and funding cuts, faces the challenge of administering the most sweeping overhaul of the U.S. tax code in three decades. But first the beleaguered agency had to get through the current tax-filing…
The rise of high-deductible employer health plans has created one of the most unpleasant surprises for older employees: anyone on Medicare is no longer allowed to make tax-free contributions to a health savings account (HSA).
IRS Commissioner John Koskinen has been a lightning rod for Republican lawmakers who have called for his impeachment and criticized the agency he’s been running since 2013. As one of the last Obama administration holdovers, he’ll complete his term this…
By Sadie Gurman, Associated Press
The Trump administration has settled lawsuits with tea party groups that received extra, often burdensome scrutiny when applying for tax-exempt status.
By Stephen Ohlemacher, Associated Press
The IRS said it suspended the contract as "a precautionary step" while the agency reviews the company's security systems.
By Joshua Barajas
Former Equifax CEO Richard Smith will field questions over the Equifax hack from the House Financial Services Committee starting at 9:15 a.m. ET Thursday. Watch live here.
By Associated Press
The no-bid contract, first reported by Politico, is for Equifax to provide the IRS with taxpayer and personal identity verification services…
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