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.
The Internal Revenue Service is sending out $2.4 billion in stimulus payments to approximately 1 million eligible taxpayers ...
In a letter exclusively shared with BI, Sens. Elizabeth Warren and Chris Coons said the program "meets the DOGE leaders' ...
Owe the IRS? You’re not alone. In fiscal year 2024, individual taxpayers will owe an estimated $525 billion in tax debt.1 ...
The U.S. Treasury Department and the IRS have released proposed regulations to update the rules for certain tax professionals ...