Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right ...
IRS commissioner Danny Werfel announced plans Friday to resign next Monday, Jan. 20, coinciding with Inauguration Day.
Taxpayers who proactively disclose their previously unreported income often receive more lenient treatment from the IRS ...
Most filers who submit their returns digitally receive their refunds within 21 days, but paper filers will have to wait for ...
The IRS plans to issue about $2.4 billion in automatic payments to eligible individuals who did not claim the Recovery Rebate Credit on their 2021 tax returns. The maximum payment is $1,400 per ...
The Internal Revenue Service has announced a raft of changes for the 2025 tax filing season to help combat scams and fraud, ...
Audits from the IRS are a nervewracking prospect for many Americans, but being informed about what they actually entail might help ease your mind.
In a letter exclusively shared with BI, Sens. Elizabeth Warren and Chris Coons said the program "meets the DOGE leaders' ...
The IRS announced plans to issue automatic payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Around $2.4 billion in automatic payments will be issued to nearly one million taxpayers, according to the Internal Revenue Service (IRS). The agency said they will go to those who missed out on ...
Owe the IRS? You’re not alone. In fiscal year 2024, individual taxpayers will owe an estimated $525 billion in tax debt.1 ...
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