The department would implement a 15 percent standard. The Treasury Department announced that it is considering a new tax policy that would require a 15 percent minimum profit…
Read MoreInternal Revenue Service
IRS and Treasury Department Report on Funds Recovered from Tax Evaders
The treasury secretary announces $1.3 billion recovered from wealthy tax filers and non-filers and other audits. U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny…
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IRS Watchdog Says IRS Needs to Improve Cybersecurity Strategies
The agency provided findings to the House Ways and Means Committee last year on taxpayer information leaks. This month, the Treasury Inspector General for Tax Administration (TIGTA) wrote…
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North Carolina Joins IRS Direct File Program
It is the 6th state to participate in the free federal tax filing tool. North Carolina joined the Internal Revenue Service (IRS) Direct File program last week, becoming…
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VA Launches Call Center to Protect Veterans from Fraud and Scams
The department establishes the VSAFE website and call center for assistance. The Department of Veterans Affairs has launched resources to help protect U.S. veterans, service members, and their…
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Connecticut Joins IRS Direct File Program for 2025
Secretary Yellen talks about the successful pilot of the program this year. The Internal Revenue Service (IRS) announced Friday that Connecticut has opted into its Direct File service…
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18 House Members Advocate to Maintain Energy Tax Credits in 2025
They wrote a letter to Speaker Johnson outlining their views of the Inflation Reduction Act. Representative Andrew Garbarino of New York wrote a letter signed by 17 other…
Read MoreDanny Werfel, Internal Revenue Service
Danny Werfel is the Commissioner of Internal Revenue Service within the Department of the Treasury. In this position, he serves as the head of the IRS, a role…
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Danny Werfel, Commissioner, Internal Revenue Service
Danny Werfel, Commissioner, Internal Revenue Service
Read MoreIRS Reaches $1 Billion Milestone for Wealthy Back-Tax Collection
The agency is working to increase transparency of how is uses federal funds to address tax evasion. The Internal Revenue Service (IRS) announced Thursday that is has reached…
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