Indictments charge Chinese companies and their employees. Attorney General Merrick Garland announced eight indictments charging China-based companies and twelve against Chinese nationals with crimes relating to the production…
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IRS Seeks to Collect Back Taxes from Billionaires
The agency’s initiative is funded under the Inflation Reduction Act. The Internal Revenue Service (IRS) has launched an initiative to collect hundreds of millions of dollars in back…
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Low-Income Community Credit Program Launched
Treasury Department rule encourages the construction of clean energy facilities for lower energy costs. The Department of the Treasury issued a final rule and guidance for its new…
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IRS Plans Fully Digital Tax Submissions for 2024
The agency expects to convert entirely to paperless processing by 2025. U.S. Treasury Secretary Janet Yellen announced that the Internal Revenue Service (IRS) will begin accepting digital tax…
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Danny Werfel, Commissioner, Internal Revenue Service
Danny Werfel, Commissioner, Internal Revenue Service
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House Considers Impeachment of Attorney General
A whistleblower report alleges the attorney general stopped an investigation into the president’s son. Speaker of the House Kevin McCarthy commented on a possible impeachment inquiry into Attorney…
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IRS to Deploy Pilot of Online Tax-Filing System
Treasury and IRS officials convene roundtable discussion. The Internal Revenue Service (IRS) is launching a program that will allow a select number of taxpayers to interact with a…
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House to Vote on Spending and Debt Limit Deal
President and speaker come to an agreement. The House will vote Wednesday on a deal to increase the debt ceiling. The agreement would also cap some government spending over…
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IRS Says 1.1 Million Returns Possibly Fraudulent
Senators also request IRS counter scams that defraud individual taxpayers. The Internal Revenue Service has flagged some 1.1 million 2022 tax returns for potential identity fraud requiring additional…
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IRS Answers 2.4 Million More Phone Calls in 2023
An increase in funding results in 5,000 additional staff hired. The Department of the Treasury released updated statistics this week about the performance of the Internal Revenue Service…
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