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…
Read MoreIRS 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…
Read MoreIRS 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…
Read MoreIRS 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…
Read MoreIRS 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…
Read MoreTreasury 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…
Read MoreSenate 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,…
Read MoreLabor 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.…
Read MoreHouse 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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