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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Senate Confirms IRS Commissioner 

He had been the acting commissioner.  The Senate confirmed Danny Werfel on Thursday as the Commissioner of the Internal Revenue Service.  During his hearing in February, Werfel said,…

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Labor Department Finalizes Secure Act Implementation

Assistant secretary for benefits announces changes to 5500 Annual Return Form. The Department of Labor announced changes to the 2023 Form 5500 Annual Return/Report of Employee Benefit Plan.…

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House Committee Obtains Former President’s Tax Records

Supreme Court refuses to block access to President Trump’s taxes. The Ways and Means Committee of the House of Representatives received clearance for the 2015 to 2020 tax…

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