IRS

Taxpayers face overloaded IRS as filing season opens Monday

Multiple factors, including a IRS worker shortage, an enormous workload from administering pandemic-related programs and stalled legislation that would have given the agency billions of dollars will combine to cause taxpayers pain this filing season.

Child tax credit: How families can get the rest of their money in 2022

Although the IRS paid out the last monthly installment of the expanded child tax credit in December, millions of parents should be on the lookout for a letter from the agency that will help them collect the remaining half of the money when they file their 2021 tax returns.

Key IRS tax deadlines that Americans need to know

The Internal Revenue Service will kick off the 2022 tax season this month, although it's already warning taxpayers to brace for delays as the agency wrestles with a massive pileup of unprocessed returns accrued during the pandemic.

JPMorgan CEO: Biden overdoing IRS surveillance would be 'terrible'

JPMorgan Chase CEO Jamie Dimon warned that President Biden’s proposal to crack down on wealthy tax evaders by requiring banks to report more customer information on most Americans' accounts to the Internal Revenue Service could potentially be “terrible.”

IRS tax-filing season to kick off on Jan. 24

The Internal Revenue Service said Monday that it will begin accepting 2021 individual income tax returns on Jan. 24 – and administration officials are already warning of a “frustrating” season as the agency grapples with a backlog of returns from previous years.