IRS
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PublishedMarch 25, 2024
The IRS has 940,000 unclaimed tax refunds from 2020. Is one of them yours?
People in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
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PublishedMarch 4, 2024
The IRS’s new free site for tax filing is now up and running
Maine is not among the 12 states where the system is accessible, however.
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PublishedJanuary 10, 2024
For IRS, backlogs and identity theft problems remain, but there is ‘cautious optimism’ watchdog says
The report serves as a reality check of sorts as IRS leaders say the funding boost is producing big improvements in services to taxpayers.
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PublishedDecember 15, 2023
IRS reverses itself, now says $450 state payments for energy relief will be exempt from taxes
The federal agency had said this week that the payments would be taxed, drawing criticism from state officials.
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PublishedNovember 7, 2023
Treasury’s Yellen calls Republican effort to cut IRS funding ‘damaging and irresponsible’
House Republicans argue it would save taxpayer money, but independent budget analysts say it would actually cost taxpayers billions from uncollected tax revenues.
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PublishedOctober 30, 2023
House Republicans demand IRS budget cuts to pay for Israel aid
Republicans propose cutting IRS funds aimed at cracking down on rich tax cheats and improving taxpayer service.
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PublishedOctober 17, 2023
IRS plans limited rollout of free e-file tax return system with invitations to select taxpayers
The introduction of a government-run option could upend the industry and fundamentally change the way taxpayers interact with the IRS.
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PublishedSeptember 14, 2023
IRS will pause taking claims for pandemic-era tax credit due to an influx of fraudulent claims
The tax credit, called the Employee Retention Credit, was designed help small businesses keep paying their employees during the height of the pandemic.
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PublishedSeptember 8, 2023
IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes
A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earners fail to report more than 20% of their earnings to the IRS.
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PublishedJuly 27, 2023
Another View: Surprise! Good tidings from the IRS
The federal agency has been doing better. Now it needs to go after the most sophisticated scofflaws.