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 28 Democrats claim the GOP is withholding contradictory evidence in Hunter Biden probe By Farnoush Amiri, Associated Press House Democrats are demanding the release of a transcript from a new FBI witness, saying it contradicts Republicans' claims in the vast congressional inquiry into President Joe Biden's son, Hunter. 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
Jun 21 IRS reduces tax return backlog by 80 percent and improves customer service, report says By Fatima Hussein, Associated Press The IRS has processed tens of millions of tax returns faster this year compared with years past, and getting through to customer service on the phone is slowly improving. Continue reading
May 05 TurboTax customers to receive restitution checks for $141M settlement By Wyatte Grantham-Philips, Associated Press Those impacted were low-income consumers eligible for free, federally-supported tax services — but paid TurboTax to file their federal returns across the 2016, 2017 and 2018 tax years due to “predatory and deceptive marketing.”… Continue reading
Apr 26 LISTEN: Supreme Court hears case on whether the state can keep profits of tax foreclosure sales By Mark Sherman, Associated Press The Supreme Court seemed likely Wednesday to give a 94-year-old Minneapolis woman another day in court to try to recoup some money after the county kept the entire $40,000 when it sold her condominium over a small unpaid tax bill. Continue reading
Apr 19 Bidens paid nearly 24 percent tax rate on $579,514 earnings, returns show By Josh Boak, Associated Press President Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes. Continue reading
Apr 19 IRS touts improved customer service, credits funding boost By Fatima Hussein, Associated Press Taxpayers who called the IRS had an average wait time of four minutes this tax season compared to 27 minutes a year earlier, the agency said this week. 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
Dec 31 Rising wages, falling taxes: New state laws taking effect in 2023 By David A. Lieb, Geoff Mulvihill, Associated Press Taxes will fall and minimum wages rise for residents in numerous states as a variety of new laws take effect Sunday that could impact people's finances and, in some cases, their personal liberties. Continue reading