New IRS rule on Venmo, Cash App payments threatens to sweep up millions of Americans
Taxpayers need to prepare to report transactions exceeding $600 that are received through Venmo, PayPal and other cash apps to the IRS starting in 2023.
For FTX customers, IRS Ponzi rules loom large
Tax expert says FTX customers should get guidance from the IRS in 2023 on how to report losses from Sam Bankman-Fried's bankrupt cryptocurrency exchange to avoid amending tax returns.
IRS to begin sending 1099-K forms for some payments
Sen. Mike Braun, R-Ind., explains the details regarding the IRS starting to send out 1099-K forms for some payments on ‘Fox Business Tonight.’
Still missing your tax refund? The IRS will soon pay you 7% interest
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the Internal Revenue Service – but the money is taxable.
IRS reminding people to report online payments is 'totally offensive': Ben Domenech
The Spectator Editor-at-Large Ben Domenech discusses the IRS 'targeting' the middle class and the impact of the Georgia Senate election on the Republican Party.
Trade balance report, stocks tied to economy, IRS refunds and more: Tuesday's 5 things to know
Stocks closely tied to the U.S. economy dropped sharply Monday, with big regional banks PNC Financial Services and Regions Financial leading the way.
IRS says your tax refund could be smaller in 2023 – here's why
The Internal Revenue Service warned that tax refunds could be smaller in 2023 due to a lack of stimulus checks delivered by the federal government this year.
IRS warns Americans about $600 threshold to report Venmo, Cash App payments
Beginning this year, taxpayers need to prepare to report transactions exceeding $600 that are received through Venmo, PayPal and other cash apps to the IRS.
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.
IRS can’t spend its $80B without permission from Congress under GOP bill
Senate Republicans want to slam the brakes on the IRS' ability to spend $80 billion over the next decade to boost its staff and potentially tighten tax enforcement.
Twitter fact-checks Biden claim on corporations making billions
Twitter fact-checked President Biden for claiming on Friday that 55 corporations making $40 billion in 2020 ended up paying zero in federal taxes.
IRS to add 4,000 customer service reps to prep for 2023 tax season
The Internal Revenue Service has added thousands of new customer service representatives amid its preparations for the 2023 tax season, it announced Thursday.
Biden, Democrats ‘in a much worse position’ due to tax and spend agenda: Grover Norquist
Americans for Tax Reform President Grover Norquist predicts a Republican House or Senate could reverse too much taxing and spending.
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.
The IRS has been politicized, goes after anyone they can: Don Bolduc
New Hampshire Senate Republican candidate Don Bolduc breaks down how the IRS has strayed from its role on 'Kudlow.'
IRS raises 401(k) contribution limit by record amount as inflation rages
Contribution maximums for 401(k)s and IRAs are increasing in 2023, the IRS announced Friday, meaning Americans can stow away more money for retirement.
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.
Rep. Kat Cammack: Abortion is not the driving issue anywhere in America
Florida Rep. Kat Cammack forecasts which issues might define the upcoming midterm elections on 'The Evening Edit.'
GOP concerned Hunter Biden's business dealings impacted POTUS
Kentucky Rep. James Comer questions why the FBI failed to act sooner in the investigation into Hunter Biden's overseas business dealings on 'The Evening Edit.'