The Latest Breaking News from IRS

Kiss your poor investment goodbye and get a tax break for doing it – that’s the idea behind tax-loss harvesting. It can be a smart move to make if you’re holding on to an underperforming stock or fund and you’re looking offset gains realized from selling another one of your…

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.

The IRS is overburdened and understaffed, which means even the smallest error could delay the processing of your tax return for months

The IRS is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.

WASHINGTON — After giving the IRS its biggest budget boost in years, some lawmakers are turning to new efforts to deliver resources to the beleaguered agency in the middle of a tax filing season plagued by lengthy delays and a hefty backlog of unprocessed returns.

After giving the IRS its biggest budget boost in years, some lawmakers seeking new ways to deliver resources to the beleaguered agency.

Cancellation of an IRS program hasn't slowed adoption of the controversial technology for government use.

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…

Incluso en 2022, millones de estadounidenses sentirán el impacto de la pandemia por coronavirus cuando declaren sus impuestos.