IRS

Local financial institutions have pushed customers in recent days to speak out against a Treasury Department proposal that would require the IRS to track transactions valued at $600 or more, joining Republican lawmakers who have criticized the plan.

Congressional Republicans have introduced legislation aimed at pushing back against Democrats' proposed IRS snooping

Former Kansas City Fed President Thomas tore into the "incredibly intrusive" IRS proposal that could expand the rift between the public and government institutions.

Rep. David Kustoff joins "Mornings with Maria" and slams the plan that would "essentially audit" accounts.

The IRS is close to getting all-out access to the bank accounts and transactions of everyday Americans.

Americans for Tax Reform President Grover Norquist weighed in on the long-term impacts that could come from an expansion of the IRS.

The Democrat-backed $3.5 trillion budget reconciliation bill would provide nearly $79 billion in new funding for the Internal Revenue Service – a massive investment that President Biden and others argue will help to close the “tax gap” and raise funds for the White House’s sweeping spending plan.

Banks are pushing back against a proposal from the Biden administration that could force them to turn over customers' account information to the Internal Revenue Service.

Homebuyers used a retirement loan to buy their house and ask the Credible Money Coach if they should take the tax hit instead of repaying the loan.

Designer Aurora James called her “Tax the Rich” dress for Rep. Alexandria Ocasio-Cortez a “powerful message” — but it’s not one she has taken to heart.

House Democrats unveiled a sweeping tax-hike plan this week that dramatically raises the rates paid by wealthy Americans and corporations – but the proposal could also have long-term implications for the middle class.

The Biden administration is aiming to bolster the Internal Revenue Service by adding bank account reporting requirements to Democrats' massive tax and spending bill, prompting a swift backlash from Republicans who have warned it infringes on customers' privacy.

The Biden administration defended its plan to increase funding for the IRS by nearly $80 billion, arguing in a memo to congressional Democrats the additional money could help the agency crack down on wealthy tax dodgers and recover billions in lost revenue.

The IRS will distribute a third round of child tax credit payments to millions of families this week under the expanded program included in President Biden’s $1.9 trillion COVID-19 relief package.

The Internal Revenue Service says home COVID-19 testing is an eligible medical expense for flexible spending arrangements and health savings accounts

The IRS said in a statement Wednesday that those impacted by Hurricane Ida in parts of New York and New Jersey will be offered an extension to file various individual and business tax returns—similar to the relief already provided to victims in Louisiana.

Florida Bankers Association CEO Alex Sanchez on the IRS looking to get more data about Americans’ financial activities from banks.

Complications related to the COVID-19 pandemic resulted in a massive backlog at the Internal Revenue Service in the processing of business-related tax returns in 2020, according to a report from the Treasury Inspector General for Tax Administration.

Current and former executives of hedge fund Renaissance Technologies LLC will personally pay as much as $7 billion in back-taxes, interest, and penalties to settle a long-running dispute with the Internal Revenue Service, the firm said, a tax settlement that may be the largest in history.

IRS Commissioner Chuck Rettig said Thursday that additional funding could help the agency crackdown on wealthy tax dodgers and recover billions in lost revenue.