The U.S. Internal Revenue Service is using billions of dollars in new funding to launch a new strategic operating plan to transform and improve is tax services over the next ten years.

If you are someone who likes to plan ahead on your taxes, the IRS this week released the new inflation-adjusted income tax brackets and standard deduction amounts that will be in effect for tax ...

IRS plans another major change, raising alarm bells According to a new report from AP News, the IRS is contemplating cutting half its workforce through layoffs, incentivized buyouts, and attrition ...

IRS refund delays and a new system giving ICE access to tax data raise privacy, legal, and ethical questions about how ...

The IRS says filings for large pass-through businesses used for the type of tax avoidance in the guidance increased 70% from 174,100 in 2010 to 297,400 in 2019.

Internal Revenue Service ; Taxes ; IRS Unveils Major Changes in New 18-Month Plan. Published May 03, 2024 at 8:20 AM ... the tax community and IRS employees alike." ...

An IRS plan to test drive a new electronic free-file tax return system next year has got supporters and critics of the idea mobilizing to sway the public and Congress over whether the government ...

The IRS says the new "Simple Notice Initiative" builds on a previous effort to improve paperless processing, making it easier for taxpayers to submit documents online. The 2024 tax filing season ...

The IRS failure-to-pay penalty is 0.5% of a client’s unpaid taxes for each month or part of a month that the tax remains unpaid, up to 25% of the tax due; the current IRS interest rate is 7%.

Internal Revenue Service taxes forms are seen, Feb. 13, 2019. Keith Srakocic/AP, FILE With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify ...