Oct 17 IRS plans rollout of free e-file tax return system with invitations to limited taxpayers By Fatima Hussein, Associated Press The agency, which is working on implementing state filing into its pilot, estimates that hundreds of thousands of taxpayers will participate in the limited rollout of the program for the 2024 filing season. Continue reading
Oct 12 Gap between U.S. income taxes owed and paid is expected to keep growing, IRS says By Wyatte Grantham-Philips, Associated Press The amount of tax money owed but not paid to the IRS is set to keep growing. For tax years 2021 and 2020, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. 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
Aug 02 IRS aims to go paperless by 2025 as part of campaign to conquer mountains of paperwork By Fatima Hussein, Associated Press The effort to reduce the exorbitant load of paperwork that has plagued the agency — dubbed the "paperless processing initiative" — was announced by U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel on Wednesday. Continue reading
Jul 24 Justice Department to make prosecutor in Hunter Biden case available to testify before Congress By Farnoush Amiri, Associated Press The offer by the Justice Department on Monday sets up a clash with House Republicans who have demanded U.S. Attorney David Weiss of Delaware come in soon for a closed-door interview. Continue reading
Jul 20 IRS moves forward with a new free-file tax return system, supporters and critics mobilize By Fatima Hussein, Associated Press On one side, civil society groups this week launched a coalition to promote the move toward a government-run free-file program. On the other, tax preparation firms like Intuit and H&R Block have been pouring millions into lobbying to try to… Continue reading
Jul 19 WATCH: White House holds briefing amid hearing on the IRS investigation of Hunter Biden By Associated Press GOP lawmakers have summoned IRS whistleblowers to testify publicly for the first time about claims the Justice Department improperly interfered with a tax investigation into Biden’s son Hunter. Continue reading
Jul 19 WATCH: IRS employees share claims about Hunter Biden probe with House panel By Farnoush Amiri, Associated Press Lawmakers were hearing from the two IRS agents assigned to Hunter Biden case, which looked into his failure to pay taxes. Continue reading
Jun 21 Watch 4:31 News Wrap: Fed says inflation still too high and more interest rate hikes likely In our news wrap Wednesday, Fed Chair Jerome Powell says inflation is still too high and more interest rate hikes are likely, an assessment finds pandemic learning losses are still getting worse, hundreds of Israeli settlers stormed a Palestinian town… Continue watching