IRS needs to modernize crashing computer system, lacks funds
On one of the busiest tax days of the year, IRS software failures highlight a desperate need for the agency to modernize its systems.
IRS
Taxpayers get one-day reprieve after IRS site crashes
April 18 is the new deadline for filing.
IRS audits fall to lowest level since 2002
Here’s a look at your chances of being audited.
IRS unveils tax calculator: Does your W-4 need to be updated?
Experts urge individuals to check their withholding amounts under the new code.
IRS trustworthiness with taxpayer money in question
Tax regulation should be overseen by the OMB and Treasury.
IRS says thieves are stealing refunds from taxpayers
The Internal Revenue Service (IRS) issued a warning to taxpayers this week to beware of “erroneous refunds.”
Trump triggers IRS cut of 298 tax regulations
The move follows a pair of executive orders issued by the president last year. Some of the regulations have been outdated for decades.
Trump chooses new IRS chief: Here's what you need to know about Charles Rettig
President Donald Trump will nominate Charles Rettig, a California tax attorney, to lead the Internal Revenue Service (IRS) as it implements the Republican tax cuts.
IRS asks for extra cash: Are Americans more at risk of being audited?
Republicans are currently weighing the best ways to devote more resources to the Internal Revenue Service (IRS) after years of budget cuts at the agency, but that doesn’t necessarily mean the number of audits are set to increase, experts say.
How the IRS may mess up your paycheck this year
Beginning in February, Americans can expect to see tax reform changes reflected in their paychecks, however, the new system could leave more room for miscalculation where withholding amounts are concerned.
Tax reform: IRS, Treasury take first step toward raising your paycheck
The Internal Revenue Service and U.S. Treasury Department released new withholding guidance on Thursday, indicating that employees should see the tax reform changes reflected in their paychecks by next month.
IRS in crisis? GOP pressed to increase funds with tax reform on the line
The Internal Revenue Service told Congress this week that it needs extra cash to not only carry out its basic administrative duties, but also to implement the GOP’s sweeping tax reform package, opening a door for the agency to potentially start anew with Republicans in the wake of the infamous targeting scandal.
IRS needs funding for GOP tax overhaul, report says
When new tax laws are passed, the agency needs to update forms, create new definitions, write regulations and field questions from taxpayers.
New York, California among high-tax states looking to evade SALT cap
Lawmakers in high-tax states are looking for ways to circumvent the newly-imposed cap on the popular state and local tax (SALT) deductions that allow residents to save billions on their federal tax bills.
U.S. Democrats ask watchdog to review new IRS tax guidelines
Two U.S. Democratic politicians asked a government watchdog on Monday to scrutinize implementation of President Trump's tax law, warning that the administration could use new tax guidelines to create the appearance of a large middle-class tax cut ahead of the 2018 mid-term elections.
Rushing to pay taxes? New law spurs confused pre-payment push
Americans scrambling to prepay 2018 state and local taxes before year end may not get the federal deductions they hoped for, but that did not slow the rush on Thursday in some of the nation's highest-taxed municipalities.
GOP tax reform and changes to your paycheck
Now that the GOP has passed its sweeping tax reform legislation, which is expected to alter tax rates for millions of Americans, it may not be too long before some employees see those changes reflected in their paychecks.
5 reasons American businesses hate the U.S. tax code
I know being number one is great at the Olympics, but in the world of tax rates, well, it’s basically the worst. We can do better – American families and businesses deserve it.
Death and taxes frame estate tax debate
The estate tax affects a very small — and very wealthy — number of Americans.
H&R Block Boosts Dividend 10% After 1Q Profits Fall
H&R Block CEO says 1Q results are not acceptable.