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The Latest Breaking News from Internal Revenue Service

IRS will refund penalties to California taxpayers who filed late in early COVID years

Californians who paid their 2019 or 2020 income taxes late could be getting refunds on the amounts they paid in penalties, the Internal Revenue Service said Wednesday.

Tribune News Service

IRS initiates safety probe after threats to workers

The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities

The Independent UK

Clive Crook: Want a better IRS? Simplify the tax code

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. The promised flood of cash — an additional $80 billion over 10 years, compared with baseline annual spending of around $15 billion — raises some…

Tribune News Service

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Armed ... auditors? The IRS becomes the latest target of GOP misinformation

Some Republicans have spread false information about how new funds will be used by IRS, stoking outrage and alarming experts

The Guardian - US

The IRS just got $80 billion to beef up. A big goal? Going after rich tax dodgers

The big climate and health care bill passed by the House Friday includes billions in new funding for the IRS over the next decade. Most of that money is aimed at catching wealthy tax cheats.

WEKU

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

Reason

Congress can get Trump tax records, appeals court rules

A federal appeals court is siding with Congress in a fight over former President Donald Trump's tax returns

The Independent UK

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Wealthy Americans escape tax hikes in bill but will face beefed-up IRS

Wealthy Americans dodged getting hit by tax increases in the Democrats’ economic package, but they likely will face a much better-funded Internal Revenue Service equipped with new auditors and technology to uncover tax avoidance.

Tribune News Service

Tougher IRS enforcement central to Dem economic package

One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line

The Independent UK

StateHouse Holdings Reaches Agreement With IRS To Resolve Legacy Federal Tax Obligations

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) has reached a partial payment installment agreement with the Internal Revenue Service related to the fed

Benzinga

China Kinda Sus: Indictment for "Transnational Repression Scheme to Silence Critics" of China in U.S.

Defendants include a DHS employee and a retired DHS law enforcement agent.

Reason

Feds open investigation of former Detroit Mayor Kilpatrick to recoup taxpayer money squandered in scandal

DETROIT — Federal prosecutors opened an investigation Thursday in an effort to force former Detroit Mayor Kwame Kilpatrick to pay restitution to taxpayers amid questions about whether he had started paying $1.7 million debt to the city and Internal Revenue Service.

Tribune News Service

Editorial: 2 'random' IRS audits miraculously target 2 high-profile Trump enemies

James Comey and Andrew McCabe, who both headed the FBI and both clashed with then-President Donald Trump, found themselves miraculously selected for “random” deep-dive audits by the Internal Revenue Service in 2019 and 2021. The chance of both Comey and McCabe being randomly selected out of more than 150 million…

St. Louis Post-Dispatch

California taxpayers told they owe the IRS money when they already paid. Here’s why

SACRAMENTO, Calif. — The Internal Revenue Service has sent letters to taxpayers throughout California telling them they owe money — and hefty penalties and interest — for their 2021 taxes even though they had already paid everything they were obligated to pay.

Tribune News Service

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The Independent UK

IRS erases last season's backlog, but still faces 2022 crush

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week

Los Angeles Times

Your phone just got more protection against spam calls. But it's not safe yet

If you haven't been warned recently that your car warranty has expired, that something has gone badly wrong with your Social Security account or that you are in big trouble with the Internal Revenue Service, then you must not have a phone.

Ballotpedia

Arizona Secretary of State raises $3.69 million this election cycle

According to the most recent campaign finance reports filed with the Arizona Secretary of State’s office, Arizona Secretary of State Katie Hobbs has raised $3.69 million and spent $2.19 million between Jan. 1, 2021 and Mar. 31, 2022. Hobbs is currently ranked third in state-level donations in the 2022 election…

Benzinga

Intuit To Settle TurboTax Claims

Intuit Inc (NASDAQ:INTU) agreed to pay $141 million to settle claims by all 50 U.S. states and Washington, D.C. The states alleged that beginning in 2016, Intuit steered customers eligible for IRS Free File into using TurboTax Free Edition, only to later tell them they needed to pay $59.99 or more to file…

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Benzinga

Amgen's Q1 Better Than Expected Sales, Profit Overshadowed By Tax Disclosure

Amgen Inc (NASDAQ: AMGN) has recently received a notice of deficiency from the Internal Revenue Service centered on 2013 to 2015.

Tribune News Service

Looking for a tax refund loan? It’s probably not worth it, experts say

Last-minute filers are working to ship their returns off to the Internal Revenue Service by the 2021 tax year deadline on Monday, April 18 — and likely are looking forward to a hefty check via their tax refund.

Chicago Tribune

Editorial: How for-profit colleges stay a step ahead of the law

The Future Tech Career Institute on South Michigan Avenue in Chicago stands accused of cheating students out of a promised education, which, unfortunately, is nothing new at for-profit colleges.

Reuters

Exclusive-U.S. suspends tax information exchange with Russian authorities

The U.S. Internal Revenue Service has suspended information exchanges with Russia's tax authorities in a bid to hamper Moscow's ability to collect taxes and fund its war against Ukraine, the Treasury Department told Reuters on Tuesday.

Tribune News Service

Commentary: The IRS doesn’t need more workers, it needs less work

Tax day is approaching, and a shorthanded Internal Revenue Service just got a $675 million boost (6%) from Congress and the president. But money won’t fix this problem. We can solve it—and maybe some other problems—with tax reform.

McClatchy Washington Bureau

The IRS promises your tax refund within three weeks. Here are some exceptions

WASHINGTON — More people are getting bigger federal tax refunds this year, but not everyone will be getting their refund within the 21 days the Internal Revenue Service promised.

Tribune News Service

Commentary: The IRS must be properly funded; here’s why

The Internal Revenue Service is the government agency that taxpayers “love to hate,” but starving it to death is bad for the country. The Biden administration’s Build Back Better legislation, which includes critically needed funding for the IRS, in now in limbo. The president has promised to fashion a stripped-down…

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