The head of the Internal Revenue Service retaliated against claims that he was breaking the law for political reasons on Thursday, warning that planned budget cuts to his department will eventually pay the federal government additional funds. Daniel Werfel, the IRS commissioner, made these remarks during a speech before the House Ways and Means Committee…
The US Treasury Department stated that beginning with the 2024 filing season, taxpayers would prefer opting out of receiving any printed contact from the Internal Revenue Service (IRS). All documents of taxpayers will be digitized as soon as they arrive at the IRS. As per Treasury Department, IRS wants to process all tax returns…
The IRS plans to go totally digital documents by 2025, meaning most taxpayers will be able to digitally send a bevy of tax documents and other communications to the agency next filing season. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel unveiled the “paperless processing initiative” on Wednesday in an effort to lower the…
In an effort to protect the safety of its employees and combat con artists posing as IRS agents, the Internal Revenue Service announced on Monday that it is stopping its decades-old practice of making unannounced visits to homes and businesses. Revenue officials will no longer make unannounced visits to taxpayers’ homes and businesses, “except in a…
The tax relief application is extended until November 15 for eligible flooding victims in Vermont. Tax Relief Application Extended for Flooding Victims in Vermont Until November 15 Following the nearing end of the tax relief application, the Internal Revenue Service (IRS) decided to extend the deadline of the tax relief application for flooding victims who…
Taxpayers are warned to double-check mail to avoid fraudsters posing as IRS in an unclaimed refund scam. IRS Advises Taxpayers to Double-Check Mail to Avoid Being Victim of Unclaimed Refund Scam The Internal Revenue Service (IRS) advised taxpayers to double-check the mail they receive to avoid being a victim of an unclaimed refund scam, as…
The Internal Revenue Service (IRS) will launch a pilot program introducing a free filing system to eligible taxpayers starting in 2024. IRS Will Launch Pilot Program of Free Filing System to Make Tax Filing Easier and Affordable for Eligible Taxpayers The Internal Revenue Service (IRS) will launch a pilot program called the Direct File program…
Internal Revenue Service (IRS) encouraged eligible taxpayers to file for 2019 taxes to receive a portion of an estimated $1.5 billion in unclaimed tax refund. Eligible Taxpayers to Receive Unclaimed Tax Refund for 2019 Earnings The estimated unclaimed tax refund for 2019 earnings is $1.5 billion, wherein eligible taxpayers will be entitled to approximately $1,006…
The Internal Revenue Service (IRS) expected return estimates to be more than 168 million by the end of 2023. IRS Expects Over 168 Million Returns According to the Treasury Department, the IRS has already processed over 100 million returns as of April and estimated an expected return of more than 168 million this year. The…