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IRS announces special payments going this month to 1 million …
IR-2024-314, Dec. 20, 2024 — As part of continuing efforts to help taxpayers, the Internal Revenue Service today announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
IRS sending payments of up to $1,400 to 1 million people ... - CBS News
Dec 20, 2024 · Many Americans face tax increases in 2026 if tax cuts are not passed 05:14. The IRS said Friday it is sending a total of $2.4 billion in "special payments" to 1 million people, part of an effort ...
Tax updates and news from the IRS | Internal Revenue Service
Get critical updates that may affect your tax filing and recent IRS news. On this page. Latest updates; Clean vehicle and energy credits; 2023 tax filing. Other updates; Latest updates. Resolving incorrect claims for the Employee Retention Credit – The IRS continues to urge employers to review their ERC claims. There is limited time to ...
IRS at risk of losing $20 billion in funding without legislative ...
Nov 26, 2024 · Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen.
IRS expects to collect more in overdue and unpaid taxes | AP News
Feb 7, 2024 · WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.
IRS to send 1 million taxpayers up to $1,400 in 'special ... - NBC News
Dec 23, 2024 · The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week.
IRS says its number of audits is about to surge. Here's who ... - CBS News
May 3, 2024 · The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers.
Treasury and IRS propose regulations to update rules for tax ...
IR-2024-315, Dec. 20, 2024. WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to update the rules for certain tax professionals who can practice before the IRS; these rules are contained in Treasury Department Circular 230.. The IRS Office of Professional Responsibility generally has responsibility for matters related to ...
Trump Victory Injects Doubt on Future IRS Funding, Enforcement
Nov 7, 2024 · Donald Trump’s victory in the presidential election portends a challenging future for the IRS, potentially gutting its funding and putting the brakes on enforcement campaigns. With Republicans controlling the White House and Senate, annual IRS appropriations and the tens of billions in supplemental funding from the Democrats’ 2022 tax-and ...