CBS News22d
Over 6,000 IRS employees expected to be terminated by end of week
Over 6,000 Internal Revenue Service employees are expected to be terminated by the end of this week, according to a source familiar with the agency's plans. More than half of these employees ...
CBS News24d
Elon Musk's DOGE presence at the IRS raises concerns about taxpayer data security, refund delays
The presence of Elon Musk's cost-cutting task force, the Department of Government Efficiency, at the IRS is sparking fresh concerns from Democratic lawmakers about the safety of taxpayer ...
CBS News28d
What is the IRS three-year rule and how does it affect your taxes?
Tax season can be complicated, and the Internal Revenue Service (IRS) has plenty of rules, restrictions and deadlines in place that can make things even trickier. Among these, the three-year rule ...
Financial Post29d
Why the complicated form when the capital gains tax stayed the same for 2024?
The release of a new, updated tax form doesn’t generally make headline news, but this week’s publication of the Canada Revenue Agency’s (CRA) 2024 Schedule 3, Capital Gains or Losses has more than a ...
The Victoria Advocate28d
From the Tax Law Offices of David W. Klasing - New Hampshire CEO Sentenced to Prison for Failing to Pay Over $14 Million in Federal Payroll Taxes
File quarterly payroll tax returns (Form 941) to report payroll taxes and annual unemployment tax returns (Form 940). Keep accurate payroll records and provide employees with correct W-2 forms ...
Fox News9d
Trump Treasury confirms it's eyeing IRS for 'streamlining' shake-up as tax season heats up
The Trump administration's Treasury Department is in the midst of weighing a "wide range" of possibilities to streamline the Internal Revenue Service amid reports up to half of the IRS staff could ...
Forbes25d
DOGE Is Seeking Access To Critical IRS System That Holds Taxpayer Data—Here’s What To Know
The Elon Musk-led Department of Government Efficiency is reportedly seeking access to a sensitive Internal Revenue Service system—which could enable its operatives to see the financial details ...
CBS News23d
Got a $1,400 rebate text from the IRS? It's a scam, Better Business Bureau warns.
The phishing scam contains a fake link that mimics an official IRS website. Clicking on it could lead to malware or a fraudulent form asking for personal or financial information. Be aware that ...
CNN9d
The IRS is drafting plans to cut as much as half of its 90,000-person workforce, sources say
The Internal Revenue Service is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the ...
Investopedia22d
What Is Form 1099-Q: Payments From Qualified Education Programs?
Cultura RM Exclusive/Stefano Gilera / Getty Images Form 1099-Q: Payments From Qualified Education Programs is an Internal Revenue Service (IRS) tax form sent to individuals who receive ...
The Boston Globe10d
It’s tax prep time. Here’s what you need to know about filing this year.
As a result, the IRS has expanded Direct File to 25 states, including Maine and Connecticut. It says about 30 million taxpayers are now eligible to use it. Income from an employer (Form W-2 ...