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.'
Millions could still be eligible for a stimulus check - and time is running out to claim it
Stimulus checks still need to be claimed by millions of low-income Americans, who are eligible for a potentially five-figure payout from the federal government.
Taxes are due today for Americans who received a filing extension
Taxpayers who requested a filing extension from the Internal Revenue Service must submit their returns by October 17 or risk facing a financial penalty.
Lawmakers press IRS on why 30 million taxpayer documents were destroyed
National Taxpayers Union Executive Vice President Brandon Arnold examines the potential fallout for taxpayers following a head-scratching move by the IRS on 'The Evening Edit.'
Treasury Secretary Janet Yellen's fall: Not unlike the economy's
Treasury Secretary Janet Yellen has been reduced to playing Orwellian word games for the Biden administration on inflation, the state of the economy, and expansion of the IRS.
Five IRS workers charged with defrauding COVID-19 relief programs
Fox News contributor Charlie Hurt joins 'The Evening Edit' to urge the federal government to stand up to acts of fraud.
Sen. Marshall introduces bills designed to prevent IRS overreach following agency expansion
GOP Sen. Roger Marshall of Kansas aims to protect American citizens from IRS overreach with two new bills he authored. One bill compensates taxpayers for failed IRS audits.
Five IRS employees stole COVID relief funds to buy Gucci, trips to Las Vegas, Justice Department says
Five IRS workers have been charged with obtaining COVID-19 relief funds through false applications and spending the money on luxury goods.