IRS Exceeds Taxpayer Assistance Response Goals

Secretary Yellen seeks to maintain Congressional investment. The Internal Revenue Service (IRS) said this week that the agency exceeded its taxpayer response goals for the year. They attribute…

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IRS Offers New Electronic Tax Filing System

The IRS commissioner recently testified before a House committee regarding Direct File. The Internal Revenue Service (IRS) has released the pilot version of the agency’s updated electronic tax…

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IRS Improves Phone Service Levels in Current Tax Season

The agency seeks to show the efficacy of additional funding. The Internal Revenue Service (IRS) has shown improved phone response metrics as the tax season kicks off, reportedly…

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FTC Files Complaint Against H&R Block for Deceptive Marketing

The company also deleted users’ tax information when they sought a lower-cost filing option. The Federal Trade Commission (FTC) is pursuing action against H&R Block for deceptive marketing…

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IRS to Begin Audits of CEO Company Jet Use

The agency will review business expense claims for private travel. The Internal Revenue Service (IRS) announced that they are proceeding with tax audits to review the accuracy of…

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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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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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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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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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Treasury Reports $129 Billion Brought In on Tax Day

Financial analysts watching 2022 tax receipts closely. The Department of the Treasury released the daily financial statement for the annual tax filing deadline last week, showing a total…

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