Here’s what happens at the IRS after you file your taxes
Tax pros report that this tax season most clients are getting refunds for e-filed returns in five to 14 days. For those filing on paper, refunds can take four weeks or more.
Twitter users erupt at IRS's calls for thieves to report stolen income: 'Good to know'
Twitter users mocked the IRS's confounding rule about thieves and drug dealers needing to report the fair market value of any stolen property or drug income.
Biden to propose major tax hikes as part of administration's plan to cut deficit: report
President Biden is expected to propose a series of major tax hikes on Thursday as part of his administration's plan to reduce the deficit over the next decade.
Detroit rapper sentenced to prison for role in $27 million tax fraud scheme
A Detroit rapper was sentenced to prison for her role in a multi-million afraid scheme.
Mississippi former tax preparer sentenced for making false statements on tax return
A Mississippi woman was sentenced to two and a half years in prison for making false statements on her tax return. She was ordered to pay $231,636 in restitution.
Trump tax returns: Five notable facts
Federal income tax returns filed by former President Donald Trump and former First Lady Melania Trump show a few surprises including in as well as cryptocurrency views, a refund status in the millions and their position on cryptos.
COVID changed burial wishes, now Americans are adjusting
Preferences for green burials have risen since the onset of the coronavirus pandemic, with fewer Americans preferring cremation as Americans adjust to the wave of COVID deaths.
Trump Organization entities found guilty on all counts of tax fraud; Trump brands 'witch hunt,' vows appeal
Two entities with the Trump Organization have been found guilty on multiple charges of tax evasion in a scheme in which top executives avoided paying personal income taxes.
New top Fed official has been critic of Biden agenda: 'Just stop. Seriously'
Austan Goolsbee, the newly named Federal Reserve Bank of Chicago president, has disagreed with the White House on a number of key economic issues.
With a split government, should Americans expect higher taxes?
The midterm elections have produced a split government where both parties maintain slim majorities in each chamber of Congress, making the likelihood of deadlock very high.
IRS hiring 700+ customer service reps amid wave of corporate layoffs
The IRS is hiring more than 700 new customer service representatives even as several large companies have announced layoffs amid fears of rising recession risks.
Powerball jackpot: Lump sum or annuity projection produces surprising result
Powerball winners can either to receive their prize as a lump sum cash payment or as a 30-payment annuity. Most winners take the cash option, but the annuity may produce more future wealth.
North Carolina couple sentenced for COVID relief fraud, embezzling more than $200k from booster club
Anthony and Deana Sharper of Charlotte, North Carolina were sentenced to prison after stealing $239,000 from a high school athletic booster club.
GOP fires warning shot at IRS: Destruction of taxpayer filings is ‘ripe for congressional oversight'
Republicans are asking the IRS to preserve all documents related to its decision to destroy 30 million taxpayer documents in 2021, and indicated more oversight is on the way.
IRS sets higher tax brackets, standard deduction for 2023 as inflation rages
The IRS adjusted the threshold levels for the federal income tax brackets and the standard deduction to account for inflation, which is hovering near a 40-year high.
Biden's student loan handout a 'political payoff' to buy votes ahead of midterm elections: Betsy DeVos
Former Education Secretary Betsy DeVos argued Biden's student loan handout is an attempt to secure votes from the progressive wing of the Democratic Party.
Shakira tax fraud: Spanish court orders pop star to stand trial
A judge in Barcelona has ordered Colombian music star Shakira to stand trial in a tax fraud case. Shakira faces 8 years in prison and a $24 million euro fine.
Biden student loan handout plan could balloon past $1T: Penn Wharton analysis
An analysis released by the Wharton School of the University of Pennsylvania found that President Biden's loan forgiveness program could cost up to $1 trillion.
IRS is getting bigger and Florida has 4 huge moves underway to protect residents
IRS adding 87,000 new agents means Florida should implement four key ways to defend taxpayers and help them fight back against big-government insanity.
Still missing your tax refund? IRS could soon pay you more in interest
The Internal Revenue Service still owes millions of Americans their tax refunds and will likely have to pay interest due to a serious backlog in processing.