Americans fear IRS will use Inflation Reduction Act cash to audit average and lower-income taxpayers
The Inflation Reduction Act provides $80 billion for the Internal Revenue Service to enhance its tax enforcement, but some Americans worried they'll get audited.
White House denies more IRS funding could increase audits on lower-income Americans
The White House is pushing back against claims that more IRS funding could lead to increase audits on middle-income Americans, citing a letter from Commissioner Chuck Rettig.
IRS benefits from Democrat tax bill, while taxpayers are the ones who get hurt
IRS benefits from Democrat tax-and-spend bill. It gives the agency $80 billion and 87,000 new employees, but ordinary taxpayers will be the ones who suffer.
How Democrats' beefed-up IRS could hurt low-income Americans
Democrats and President Biden want to provide the IRS with another $80 billion in funding to crack down on tax cheats, but Republicans warn it could hurt low-income workers.
McGurn: 'Tax the rich schemes' are 'never' about taxing the wealthy
Wall Street Journal editorial board member Bill McGurn discusses the impact of the Inflation Reduction Act on the middle class and the 2024 presidential election.
Sen. Hagerty slams Biden, IRS over calling for bank data: 'This is just like the Chinese Communist Party'
Sen. Bill Hagerty, R-Tenn., criticizes Democrats' spending bill that boosts power of the IRS and enables the government to 'snoop' on Americans.
Sen. Hagerty on IRS: ‘They want all of our data’ to justify spending
Sen. Bill Hagerty, R-Tenn., slams Democrat spending bills and an increase in IRS audits.
Manchin-Schumer bill should be called ‘income reduction act’: Sen. Hagerty
Sen. Bill Hagerty, R-Tenn., discusses the IRS, government spending and the chips bill and analyzes consequences for middle class Americans.
Biden's IRS getting $80B from taxpayers to go after small businesses, Grover Norquist warns
Americans for Tax Reform President Grover Norquist discussed Biden's IRS expecting to receive $80 billion and the agency's plan to hire 87,000 'more bureaucrats'
Biden's IRS 'going after small businesses' after securing $80 billion from taxpayers, Grover Norquist warns
Americans for Tax Reform President Grover Norquist argues the IRS is 'massively increasing their ability to audit.'
Grover Norquist: Manchin-Schumer deal 'damaging to economic growth, job creation'
Grover Norquist, Americans for Tax Reform President, discusses the tax increases in the Inflation Reduction Act and how the deal will 'supersize' the IRS.
Small business groups rip Manchin, Schumer deal: 'Misery for many more Americans'
Small business groups criticized the deal between Sen. Joe Manchin, D-W.Va., and Senate Majority Leader Chuck Schumer, D-N.Y., saying it will only make inflation worse.
What tax hikes are in the Manchin-Schumer reconciliation bill?
Sens. Chuck Schumer and Joe Manchin rolled out a proposal this week that would raise an estimated $739 billion over the next decade for health care and climate change initiatives.
IRS tax return backlog swells to 21M as Americans await refunds
The Internal Revenue Service has a massive backlog of unprocessed tax returns, delaying refunds for millions, according to a report from the national taxpayer advocate.
IRS expects to clear tax return backlog from 2021 this week
The IRS said Tuesday that it has almost finished processing roughly 8 million unprocessed tax returns from 2022, but it still has millions of paper returns from 2022 that need to be processed.
IRS hit with inquiry from GOP lawmakers for destroying 30 million tax documents
Republican lawmakers are seeking answers from IRS Commissioner Charles Rettig over the agency's justification for destroying 30 million tax documents.
IRS warns of ongoing COVID-19 fraud, urges Americans to be wary of fake emails and phone calls
Americans should be wary of bogus text messages and random phone calls from people seeking personal information amid ongoing pandemic fraud, the IRS said.
IRS destroys 30 million tax documents, insists ‘no negative taxpayer consequences’
An audit of the Internal Revenue Service found staffers destroyed 30 million taxpayer documents as the service faced a massive backlog.
IRS chief pushes Congress for law change on land-rights tax deals
Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping land-rights deals that the government views as abusive transactions.
Corporate tax collection headed for another record high
Federal tax receipts likely surged to another record high this year, reflecting a booming economy and huge growth in corporate profits amid red-hot inflation.