IRS announces sweeping effort to restore fairness to tax system …
IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books
Tax updates and news from the IRS | Internal Revenue Service
Taxpayers face a number of issues due to critical tax law changes that took place in 2022 and ongoing challenges related to the pandemic. The IRS continues to share updated information for people preparing to file their 2022 tax returns as well as anyone who has previous year tax returns awaiting processing by the IRS.
News releases for current month - Internal Revenue Service
Find previous year news releases and fact sheets from 1997 through last month. A listing of current news releases published by the IRS.
News & e-Campaigns | Income Tax Department
Oct 26, 2024 · e-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries
IRS makes free tax return program permanent and ... - Associated Press News
May 31, 2024 · WASHINGTON (AP) — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025.
IRS says it has clawed back $1 billion from millionaire tax ... - CBS News
Jul 11, 2024 · The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who owe the...
Big update from I-T dept as income tax return filing (ITR) deadline …
The income tax department on Saturday announced that over 5 crore tax returns for the Assessment Year 2024-25 have been filed so far through its e-filing portal, an 8% increase from the...
Income Tax news - Today’s latest updates - CBS News
Income Tax IRS has recovered $1.3 billion in unpaid taxes from rich Americans The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay...
WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax …
Sep 6, 2024 · WASHINGTON (AP) — The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement...
IRS wants to end another tax loophole for the wealthy | AP News
WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.