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The Latest Breaking News from Danny Werfel

Trump’s $1.776 billion IRS settlement sparks debate as critics question legality of the compensation fund

A major legal settlement involving Donald Trump and the IRS faces scrutiny. A $1.776 billion fund for alleged "weaponization" and a ban on auditing Trump's taxes are part of the deal. Legal experts believe challenging this agreement will be difficult. Opponents, including police officers and congressional Democrats, have voiced concerns.

The Economic Times

Donald Trump granted 'forever' immunity from ongoing tax audits

Donald Trump, his business and his eldest sons have been granted immunity from ongoing investigations from US tax authorities

The National (Scotland)

Former IRS Chiefs See Rocky Road Ahead For The Agency

Former IRS commissioners warn the agency could stumble into the next filing season if Congress lets funding lapse again and staffing losses persist.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

How Many IRS Commissioners Have We Gone Through This Year?

Who were the former IRS commissioners, and why did they resign? Find out how IRS turnover can impact your taxes.

Kiplinger

Over 7 million Americans missed out on this $2,500+ tax credit. Don’t be one of them

The Earned Income Tax Credit was designed to help low- to moderate-income working individuals and families, but many don’t even apply for it.

Fortune

How to file your taxes online

The IRS begins accepting your 2024 tax returns today, and there are more e-filing options than ever before.

Fortune

IRS Commissioner Werfel To Resign, Trump Picks Replacement

IRS Commissioner Danny Werfel resigns, paving the way for a new leader as President-elect Trump takes office.

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One Million Americans Set To Receive IRS Stimulus Checks—Here's What To Know

Eligible taxpayers could receive up to a maximum of $1,400 from the IRS.

International Business Times

IRS is sending out automatic stimulus payments. Who is getting them?

The IRS it’s distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments

The Independent UK

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

These payments will be automatically sent to eligible taxpayers by the end of the month

The Independent UK

Viral posts claim stimulus checks are on the way. Here’s what you should know

False rumor comes after exit polls revealed the economy was the biggest issue to almost one third of voters

The Independent UK

Incorrect ERC? IRS Points to Five New Red Flags

These signs could mean there’s an error in your Employee Retention Credit claim.

Kiplinger

IRS Collects Over $1 Billion From Millionaires In Back Taxes In Less Than One Year

The IRS achieved a milestone in collecting more than $1 billion from wealthy American taxpayers in less than a year since passing legislation to add more agents.

International Business Times

IRS Direct File Will Be Permanent, Competing With TurboTax, H&R Block

The IRS says it will bring Direct File back next tax season.

Kiplinger

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Kiplinger

File By May 17 for $1 Billion in Unclaimed IRS Tax Refunds

Unclaimed tax refunds from years ago are waiting for millions who might not know it. Are you one of them?

Kiplinger

What's Happening With the Employee Retention Credit and the IRS?

Due to fraud, the ERC has received much attention lately from the IRS and Congress.

WEKU

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire

The average median refund is $932 for 2020. Texas (93,400), California (88,200), Florida (53,200) and New York (51,400) have the largest amount of people potentially eligible for these refunds.

WEKU

The IRS touts improved customer service and a hassle free filing option

With less than a month before the tax filing deadline, the IRS says tax season is going smoothly. The agency is investing billions of dollars to improve service and beef up tax enforcement.

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International Business Times

US Hopes To Reap Windfall From IRS Crackdown On Wealthy Tax Dodgers

IRS ramps up efforts to combat tax evasion by millionaires and billionaires, citing annual evasion of over $150 billion.

WEKU

The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going

Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.

Kiplinger

IRS Waiving $1 Billion in Back Tax Penalties

The IRS is waiving penalties for nearly $1 billion in back taxes owed during the pandemic.

Kiplinger

Another Big IRS Tax Change for Online Sellers

Just in time for the holidays, the IRS is delaying a significant tax 1099-K reporting requirement for 2023.

WEKU

Gap between U.S. income taxes owed and paid is set to keep growing, the IRS says

For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.

The Independent UK

Gap between US income taxes owed and paid is set to keep growing, IRS says

The amount of tax money owed but not paid to the IRS is set to keep growing

Kiplinger

Why the IRS Shouldn't Literally Be Knocking at Your Door

The IRS is changing a longstanding practice that involved collecting tax debts through tens of thousands of unannounced home visits.

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