You Searched For "charles rettig" and got 20 results
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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 …
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
The IRS chief says $1 trillion in taxes could be going uncollected every year - or more
Charles Rettig cited the $1 trillion figure in a Senate hearing, referencing a study finding unpaid…
Juliana Kaplan
1 min read
The IRS says it's ready to handle tax season and another stimulus check at the same time
Even with office closures in early 2020 pushing back tax season, IRS commissioner Charles Rettig sa…
Barbara Smith
3 mins read
The IRS needs help. Its chief says millions are waiting on tax returns and can't get through via phone: 'This is frustrating for taxpayers and for us.'
Millions of Americans are still waiting on their refunds, and many can't reach the IRS on the phone…
Juliana Kaplan
2 mins read
The IRS chief says the agency will get through its backlog of unprocessed tax returns 'before December'
Millions of Americans were waiting on tax refunds for months in 2021. The IRS is aiming to get them…
Juliana Kaplan
2 mins read
Trump wanted the IRS to investigate his political foes, including James B. Comey and Andrew G. McCabe, who were both subject to a rare audit by the tax agency, The New York Times reported
The IRS audited former FBI director James B. Comey and his deputy, Andrew G. McCabe, while a Trump …
Lloyd Lee
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
IRS chief says the agency on track to start monthly payments of the child tax credit in July
IRS chief Charles Rettig said parents will be able to sign up for direct payments in the next few m…
Joseph Zeballos-Roig
2 mins read
Americans could do taxes for free in just minutes — like other countries — but the IRS has been 'starved' of resources, the Treasury says
The IRS is severely underfunded. Workers open paper returns by hand, causing year-long delays. Mean…
Joseph Zeballos-Roig,Juliana …
2 mins read
Elon Musk said his taxes are audited every year 'by default' — after posting a debunked Republican claim that the IRS is hiring 87,000 new agents
The Tesla and SpaceX CEO posted a meme on Twitter appearing to link the false claim about IRS staff…
Grace Dean
2 mins read
Top tax policy Democrat says Republicans want to keep the status quo so only 'little guys' get audited but 'billionaire friends' get off scot-free
"By attacking the IRS, Republicans are helping high-flying tax cheats get away with breaking the la…
Juliana Kaplan
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
The IRS commissioner told lawmakers that child tax credit payments may not be issued monthly - and may not start in July
The payments of the child tax credit allowance, which were authorized in the last pandemic relief b…
Zahra Tayeb
2 mins read
One photo of an IRS cafeteria overstuffed with paper shows why you haven't gotten your refund check yet — and just how underfunded the agency is
Many Americans have been waiting for their tax refund checks for months. They may be buried in a pi…
Juliana Kaplan
2 mins read
US authorities are investigating the 'illegal' leak of billionaires' tax information, including data on Jeff Bezos, Elon Musk, and Warren Buffett
ProPublica published a report on the income and tax payments of Jeff Bezos, Elon Musk, Bill Gates, …
Kate Duffy
3 mins read
Millions of Americans may finally get their tax refund checks as the IRS clears out a backlog of 8 million 2021 returns
The IRS has been drowning in paper, and taking months to process tax returns — which held up refund…
Juliana Kaplan
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
2 mins read
US stocks gain to near-record levels as yields fall to 1-month low
US stocks were within striking distance of record highs as inflation fears cool off following a dro…
Matthew Fox
2 mins read
Strengthening tax enforcement on the wealthy could raise $700 billion in 10 years, Treasury says
Biden wants to invest about $80 billion in the IRS after a decade of budget cuts and declining audi…