Can’t we all just get along? Not if you’re an employee of the federal government. The Internal Revenue Service (IRS) just filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) over a $1.45 billion tax bill stemming from the bailout of Silicon Valley Bank.
A single man is responsible for leaking the tax information belonging to Donald Trump, Elon Musk, Jeff Bezos, and others.
The Internal Revenue Service will offer a pilot run of its free, electronic tax filing service, called Direct File, in thirteen states for the 2024 tax season.
On Wednesday, the Internal Revenue Service (IRS) notified Microsoft that it may owe $28.9 billion in back taxes, plus penalties and interest, from 2004 through 2013. The IRS says it believes that as of Sept. 30, its tax adjustments are correct and will elevate the issue to judicial proceedings, if necessary.
Anyone who has used H&R Block’s tax return preparation services in recent years may have unintentionally helped line Meta and Google’s pockets.
The Internal Revenue Service (IRS) is adding artificial intelligence tools to crack down on potential tax violations, the agency announced on Friday. The IRS claims it will be focusing on wealthy taxpayers who have used “sophisticated schemes to avoid taxes,” instead of burdening average people with “no-change” audits.
Gone are the days of collecting pay stubs, receipts, and government forms...hopefully. For the first time, the IRS will give taxpayers the option to go paperless for the 2024 tax season ahead of a more widespread digitization effort for the 2025 season.
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