IRS audit revenue plunged following workforce reductions, watchdog finds
IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
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IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
The disclosure requirement would be added to the Form 990, the annual return that nonprofit groups file with the IRS.
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
The GOP tax and spending bill creates a tax deduction for workers in tipped occupations. Here's what to know.
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
The IRS started accepting tax returns on Jan. 26. Here's everything you need to know about getting your tax refund.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall Street report says.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government watchdog finds.
Gary Shapley — who became famous after speaking out about alleged political influence in the Hunter Biden tax probe — is out as IRS director after just two days, following an internal struggle involving Elon Musk.
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.
The IRS has agreed to share immigrants' tax data with ICE for to help authorities identify and deport undocumented immigrants.
Most eligible taxpayers have already received their 2021 Recovery Rebate Credit payment, but there's still time to file a claim.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
The employees who will be affected — in a single division of the IRS — are expected to be notified Thursday that they've been fired.
With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.
The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.
The background of Billy Long, an ex-congressman and auctioneer, raises questions about his qualifications, Sen. Warren says.
Millions of taxpayers continue to struggle with delays in refunds from the IRS, a new tax advocate report says.
President-elect Donald Trump wants former lawmaker and auctioneer Billy Long to replace IRS Commissioner Danny Werfel.
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
H&R Block, Intuit stock dropped amid a report that Elon Musk's Department of Government Efficiency may develop a tax filing app.
