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IRS announces special payments going this month to 1 million …
IR-2024-314, Dec. 20, 2024 — As part of continuing efforts to help taxpayers, the Internal Revenue Service today announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Tax updates and news from the IRS | Internal Revenue Service
Get critical updates that may affect your tax filing and recent IRS news. On this page. Latest updates; Clean vehicle and energy credits; 2023 tax filing. Other updates; Latest updates. Resolving incorrect claims for the Employee Retention Credit – The IRS continues to urge employers to review their ERC claims. There is limited time to ...
IRS sending payments of up to $1,400 to 1 million people ... - CBS News
Dec 23, 2024 · Many Americans face tax increases in 2026 if tax cuts are not passed 05:14. The IRS said Friday it is sending a total of $2.4 billion in "special payments" to 1 million people, part of an effort ...
IRS at risk of losing $20 billion in funding without legislative ...
Nov 26, 2024 · Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen.
IRS expects to collect more in overdue and unpaid taxes | AP News
Feb 7, 2024 · WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.
IRS to send 1 million taxpayers up to $1,400 in 'special ... - NBC News
Dec 23, 2024 · IRS 1040 individual income tax forms. Daniel Acker / Bloomberg via Getty Images file Dec. 23, 2024, 7:23 PM UTC / Updated Dec. 23, 2024, 10:19 PM UTC / Source : CNBC
IRS says its number of audits is about to surge. Here's who ... - CBS News
May 3, 2024 · The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers.
IRS announces launch of new enforcement campaign; highlights …
Dec 12, 2024 · The IRS pays monetary awards to eligible individuals whose information is attributable to taxes and other amounts collected by the IRS. In fiscal year 2024, the IRS paid awards totaling approximately $123 million based on tax and other amounts collected of approximately $475 million attributable to whistleblower information. Proper use of Form 8275
Trump Victory Injects Doubt on Future IRS Funding, Enforcement
Nov 7, 2024 · Donald Trump’s victory in the presidential election portends a challenging future for the IRS, potentially gutting its funding and putting the brakes on enforcement campaigns. With Republicans controlling the White House and Senate, annual IRS appropriations and the tens of billions in supplemental funding from the Democrats’ 2022 tax-and ...
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