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If the tax returns were filed between May 16 and May 31, 2025 in the offline mode, expect a return between July 11 and July 25 this year. E-filers with a direct deposit (June 6 and June 19, 2025 ...
The Internal Revenue Service has been facing staffing and budget cutbacks that threaten its ability to carry out its responsibilities, which include overseeing the troubled nonprofit hospital sector.
The IRS issued interim final and proposed regulations Friday (T.D. 10031 and REG-107459-24) lowering the user fee for the Service to issue an estate tax closing letter from $67 to $56. An estate tax ...
Shedding thousands of staff and several interim leaders, the IRS faces turmoil under Trump By Sam Brodey Globe Staff,Updated April 23, 2025, 4:35 a.m.
Taxpayers and tax professionals alike have expressed concerns about the safety of IRS data, especially since DOGE would not offer a reason why it needed to access the data.
A recent analysis by researchers at Yale University found if the IRS lost 18,200 workers it would spend $1.4 billion less but the smaller staff would generate $8.3 billion less in tax revenue.
The chief information officer at the Internal Revenue Service said he would resign, according to an email sent to staff and seen by Reuters on Monday, the latest in a string of high-profile ...
The IRS has 10 years from the date of assessment to collect a tax. "We've seen millions of our clients' tax debts written off due to the IRS's collection statute expiring," Allec says.
IRS data indicates that only 7% of consumers who were eligible for a new clean vehicle tax credit between Jan. 1 and Oct. 1, 2024, opted to receive the credit when they filed their taxes, Allen said.
So, to get a clear picture of where you stand and how to best navigate your tax debt, it's important to ask the right questions about the IRS tax forgiveness process.
Internal Revenue Service employees faced threats of assault during Saturday tax assistance events last year, according to a recent report. The report, issued earlier this month by the Treasury ...
The average taxpayer’s 2021 tax return was due in 2022, but as of the IRS’s notification earlier this week, 1.1 million taxpayers still need to file that return.