Chicago rapper Twista pleads guilty to not paying taxes
Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes.
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Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes.
The Internal Revenue Service is permanently barred from pursuing claims against President Trump or his company based on prior tax returns, part of a controversial settlement deal between the Justice Department and Mr. Trump.
Federal agents from the FBI, Customs and Border Protection and the IRS were at two restaurants and a home in Northwest Indiana, removing boxes and hard drives as part of an investigation.
This is due in part to the new "Big Beautiful Bill" and job cuts at the Internal Revenue Service.
Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
Big changes are coming this tax season, with the new "no tax on tips" rule created by the Trump Administration's spending plan, and following the delays with the IRS electronic payment system earlier this year, taxpayers might want to start preparing now.
CBS News Chicago has reported on this problem, and it turns out we are not the only ones having a hard time getting answers from the IRS.
CBS News Chicago has reported on this problem, and it turns out we are not the only ones having a hard time getting answers from the IRS. Tara Molina reports.
Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved.
Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved. CBS News Chicago has been checking in daily with the IRS for the past week about the processing delays as more people say they are getting IRS notices.
Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved.
Some taxpayers who paid their taxes by the April 15 deadlines are getting notices telling them they still owe money, all because of delays with the IRS electronic payment system.
Some taxpayers who paid their taxes by the April 15 deadlines are getting notices telling them they still owe money, all because of delays with the IRS electronic payment system.
Sources say the IRS plans to rescind Harvard's tax-exempt status, something that would be unprecedented for a large American research university.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
According to an internal email, three-quarters of the positions in the IRS Office of Civil Rights and Compliance will be eliminated.
President Trump’s latest move is to fire roughly 6% of the IRS workforce in the midst of a busy tax-filing season. Erica Brown reports.
Another round of federal job cuts is coming. This time, it’s at the agency responsible for bringing money into the government's coffers.
The IRS is the latest federal agency impacted by aggressive federal workforce cuts carried out by the Trump administration.
Next year, the standard deduction will increase to $15,000 for single filers and $30,000 if filing jointly. The earned income tax credit for low—to middle-income filers will also increase to a maximum of $8,000. Read More
Friday is the last day to file your 2020 tax return. The IRS estimates that more than $1 billion in refunds are on the line. Mark Steber, chief tax information officer with Jackson Hewitt, says you better act fast.
An IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses twice--in 2008 and then again in 2010.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
