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.
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.