You Searched For "Internal Revenue Service" and got 20 results
Sort By:
2 mins read
IRS chief asks Congress for more authority to regulate the crypto industry
"By design, most crypto virtual currencies are designed to stay off the radar screen," the head of …
Carla Mozée
2 mins read
Biden wants to go after the wealthy on taxes with a $1.2 billion increase in IRS funding
President Joe Biden's $1.5 trillion "skinny budget" on Friday proposed a 10.4% increase in the Inte…
Ayelet Sheffey
4 mins read
For God’s sake stop comparing India's Aadhar with USA's Social Security Number
Govt needs to bring a privacy law for citizens
before linking Aadhar to PAN
3 mins read
2019's tax gap of $600 billion could rise to $7 trillion this decade if unaddressed, Treasury says
The Treasury Department released new proposals to strengthen IRS enforcement, including doubling st…
Ayelet Sheffey
2 mins read
Elizabeth Warren wants to triple the annual IRS budget to go after 'wealthy tax cheats'
The bill introduced by Sen. Elizabeth Warren would help close the tax gap by boosting the annual IR…
Ayelet Sheffey
3 mins read
Biden's boost to IRS funding means the wealthy could soon be hiding only hundreds of billions per year
Biden's plan to reclaim $780 billion over 10 years would close about 8% of a collection gap that th…
Ayelet Sheffey
1 min read
Elon Musk and Lauren Boebert engage on Twitter over Biden's plan to expand the IRS
Under the proposal, the IRS would hire nearly 87,000 new workers in an effort to collect unpaid tax…
Morgan Keith
3 mins read
One chart shows how IRS audits have collapsed over the past decade, as wealthy Americans increasingly hide billions from the taxman
The IRS shed over 30,000 full-time positions as Republicans cut its budget by a fifth over the last…
Eliza Relman,Andy Kiersz,Jose…
2 mins read
The IRS is swamped with 35 million unprocessed tax returns, meaning people will have to wait longer for refunds
The IRS's shrinking budget - along with new responsibilities like stimulus checks and child tax cre…
Joseph Zeballos-Roig,Juliana …
2 mins read
Crypto exchange Binance faces a US insider trading probe into whether it exploited its customer order data, report says
It intensifies the scrutiny of Binance by the CFTC, which is already reportedly reviewing it for de…
Shalini Nagarajan
2 mins read
The IRS website for filing tax returns is experiencing technical issues as the filing deadline looms
"On my way over here this morning, I was told a number of systems are unavailable at the moment," K…
Bob Bryan
1 min read
If you're getting an error on the IRS's coronavirus stimulus website, try entering your information in all caps
Getting hit with "payment status not available" errors on the IRS stimulus website? Try entering yo…
Ben Gilbert
1 min read
The IRS is moving to issue refunds for Americans who paid taxes on $10,200 in unemployment benefits last year
IRS Commissioner Chuck Rettig says the agency is aiming to provide refunds so some people don't hav…
Joseph Zeballos-Roig
1 min read
UBS: These 15 companies will benefit the most as Americans start paying less taxes next month
"We find that lodging, entertainment, housing, other transport (i.e. air) should benefit most, with…
Akin Oyedele
3 mins read
The IRS just blew millions of dollars on a project that already failed before
"Based on what I saw, I concluded the program undermined effective tax administration, jeopardized …
Bob Bryan
2 mins read
The IRS just launched an international coalition to investigate cryptocurrency tax crime
"We cannot continue to operate in the same ways we have in the past, siloing our information from t…
Sean Wolfe
2 mins read
Hunter Biden sues IRS, claims whistleblower agents 'targeted and sought to embarrass' him by discussing his tax returns
US President Joe Biden's son is launching a lawsuit against the Internal Revenue Service amid a sle…
Tom Porter,Mattathias Schwartz
1 min read
Millions of lost US jobs will go unreplenished for years, according to IRS forecast
A recent IRS report estimates that W-2 tax filings will be below pre-pandemic levels through at lea…
Carmen Reinicke
2 mins read
One of the largest energy companies says American drillers are splurging again
The latest quarter included a $536 million restructuring charge as well as a $139 million charge re…
Akin Oyedele
5 mins read
When you log in to your IRS account this tax season you'll likely have to use ID.me to verify your identity. The service scoops up a huge pool of personal data that police and other authorities could tap into.
Observers worry how much information ID.me collects and how willing the company seems to be to shar…