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
Apr 21 WATCH: More work but fewer resources reason for tax delays, says IRS Commissioner By News Desk The Internal Revenue Service is responsible for more work but has been given fewer resources to do it, causing delays in response, said IRS Commissioner Charles Rettig before the House Subcommittee on Government Operations on Thursday. Continue reading
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
Mar 17 WATCH: IRS commissioner testifies on 2022 tax season in House hearing By News Desk and Associated Press The committee asked IRS Commissioner Rettig for recommendations to taxpayers as the April 18th filing date approaches during what has been called a difficult year for the IRS. Continue reading
Feb 17 WATCH: Senate Finance Committee hearing on IRS customer service issues By News Desk and Associated Press The Senate Finance Committee held a hearing Thursday on IRS customer service issues. This week, the IRS began offering taxpayers limited Saturday walk-in help for the tax season. Continue reading
May 16 Watch 4:25 How tax laws disadvantage Black Americans but subsidize white Americans By PBS NewsHour Tax returns are calculated based on income, but a new book highlights how the tax code disproportionately impacts people of color. Dorothy Brown, professor at Emory University School of Law and author of “The Whiteness of Wealth: How the Tax… Continue watching
Apr 15 Trump's name to be printed on stimulus checks in unprecedented move By Colleen Long, Zeke Miller, Associated Press President Trump’s name will be printed on the stimulus checks that the Internal Revenue Service will be sending to tens of millions of Americans around the country. Continue reading
Apr 11 IRS deposits first economic support payments By Associated Press The IRS says the first economic support payments stemming from the coronavirus outbreak have been deposited in taxpayers’ bank accounts. Continue reading
Jan 08 Underfunded IRS struggles to send refunds, answer calls By Sarah Skidmore Sell, Associated Press Burdened with years of budget cuts and a recent increase in workload to implement a new tax law, the IRS struggled to deliver on its mission in the past fiscal year. Continue reading
Oct 04 Watch 8:53 As House probe intensifies, Trump mounts a strategy of offense Despite the release of text messages among Trump administration officials referencing both the president’s desire for Ukraine to investigate the Biden family and the idea of withholding a relationship as leverage, President Donald Trump is insisting his actions reflect a… Continue watching