The Biden administration tried turbocharging the Internal Revenue Service’s tax-collection capabilities with billions in ...

The tax preparers would file for pandemic-related tax credits on behalf of their clients even though they were ineligible for those funds, officials said.

However, not everyone can claim the CTC, and credit amounts can differ for those who can. The child tax credit is based on income, filing status, the number of children, and whether the IRS ...

Two tax preparers submitted $65 million in false claims for refunds under programs designed to help businesses during the COVID-19 pandemic, federal prosecutors in Tennessee said Wednesday.

If the IRS saw another $20 billion cut, the agency would run out of enforcement funding in FY 2025 and exhaust funding for ...

Since launching the project, at least one other thing has become clear to the team: Oklahoma is far from alone in its teacher retention problems. It’s an issue nationally and in other countries, ...

November 22, 2024, is the deadline for the Internal Revenue Service's second Employee Retention Credit Voluntary Disclosure ...

A watchdog report examining telework use at four agencies found best practices still need implementation, but the presence, ...

The IRS said the new deadline to file under the consolidated employee retention credit claims process is Dec. 31. The previous deadline was Friday.

The Internal Revenue Service (IRS) has issued an urgent reminder to American businesses about the importance of addressing ...

The IRS' second employee retention credit (ERC) voluntary disclosure program for businesses who want to pay back the money ...