Topic
IRS
17 stories related to this topic, newest first.
nationalreview.comworld9 days ago
Georgia Governor Candidate's Film Company Faces IRS Tax Questions
A billionaire running for Georgia governor produced low-budget movies that generated large tax benefits. The IRS has examined whether those benefits were properly claimed.
forbes.comfinance15 days ago
National Taxpayer Advocate Reports Staff Losses and Rising Caseload at TAS, While Securing New Taxpayer Protections
Erin Collins described staffing cuts and a surge in taxpayer cases during a June 4 appearance at The Tax Retreat in San Antonio. She also outlined recent legislative changes and ongoing litigation.
Fortunepolitics17 days ago
Treasury Secretary Declines to Address IRS Audit Immunity Status
The Treasury secretary declined to confirm whether an IRS audit immunity provision remains in effect after the administration abandoned a related compensation fund. Lawmakers pressed for details during a Senate hearing on the department's budget.
pinsentmasons.compolitics4 days ago
Judge Reviews Details of IRS Settlement That Created Anti-Weaponization Fund
A federal judge has opened an inquiry into a settlement between the Trump administration and the IRS that created an anti-weaponization fund.
forbes.comfinance29 days ago
Tax Rules Address Estate Filings, Foreign Gifts, and Car Loan Interest
A newsletter outlines filing requirements after death, penalties for unreported foreign gifts, and limits on a new car loan interest deduction. The U.S. Tax Court is described as a venue for resolving IRS disputes before payment.
The Dispatchpolitics29 days ago
Trump Settles IRS Lawsuit, Creates $1.776 Billion Fund for Alleged Lawfare Victims
President Trump reached a settlement with the IRS over a 2019 tax-return leak. The agreement establishes a Department of Justice fund and bars future IRS audits of Trump, his family, and their businesses.
techjuice.pkworld29 days ago
Final Tax Return Required After Death for Income and Retirement Accounts
Executors must file a final Form 1040 if the decedent would have owed taxes. Additional returns and IRS obligations can continue after death.
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ibtimes.co.ukpolitics29 days ago
IRS Special Agent Faces Possible Termination Over Tax Filing Allegations
Brian Visalli, a 25-year IRS Criminal Investigation agent, has until May 29 to respond to allegations that he failed to file accurate tax returns and showed a lack of candor. The agency cited the conduct as egregious in a disciplinary letter.
680news.compolitics30 days ago
Democrats Seek Details on IRS Settlement and Fund
Senate Democrats have asked Treasury and IRS officials for information about a settlement that created a nearly $1.8 billion fund. The request follows a lawsuit filed by President Trump against the IRS.
Nbc Newspolitics31 days ago
Trump Administration Creates $1.8 Billion Anti-Weaponization Fund With IRS
The Trump administration established a $1.8 billion fund through an IRS agreement to address perceived weaponization of government agencies. The move drew bipartisan criticism from lawmakers.
axios.compolitics32 days ago
Justice Department Bars Future IRS Audits of President Trump
The Justice Department reached a settlement that ends pending IRS audits of President Trump and his business. The agreement also resolves a $10 billion lawsuit filed by Mr. Trump over the leak of his tax returns.
Usa Todaybusiness35 days ago
IRS Sets Deadline for Businesses Seeking COVID Employee Retention Credit Refunds
Businesses have a two-year window to challenge IRS rejections of employee retention credit claims. The IRS offers a streamlined extension process for some rejected claims.
abcnews.go.comworld37 days ago
Millions of Americans Eligible for Billions in Covid-Era Tax Refunds
The IRS has set a July 10 deadline for taxpayers to file claims for refunds of interest and penalties accrued during the Covid-19 pandemic. Millions of Americans could be owed a total of billions of dollars. Filing a claim by the deadline is required to receive any owed amounts.
Forbespolitics37 days ago
Trump and IRS Prepare to Settle $10 Billion Tax Returns Lawsuit
President Trump and the Internal Revenue Service are preparing to settle a $10 billion lawsuit filed in January over the disclosure of his tax returns. The settlement would create a $1.7 billion fund to compensate people who claim they were victims of the prior administration's w…
ksl.comtechnology57 days ago
IRS Audit Rates Remain Low Amid AI Adoption and Staffing Changes
The IRS has historically audited less than 1% of tax filers, with rates varying by income and claims. Recent changes include staff reductions and increased AI use for identifying non-compliance. The impact on future audit rates remains uncertain due to staffing shortages and AI d…
Substrate placeholder — needs reviewtechnology58 days ago
IRS Pays Palantir $130 Million Since 2018 for Data Software in Financial Crime Probes
Palantir has supported the IRS Criminal Investigations office in probing U.S. financial crimes for much of the last decade. The agency has paid the company $130 million for its data analysis software since 2018, according to public records. The software aggregates data across fed…
Substrate placeholder — needs reviewworld60 days ago
IRS Staffing Declined 27% in 2025 with Further Cuts Proposed
The Internal Revenue Service experienced a significant reduction in staffing levels during 2025. A new budget proposal seeks additional position eliminations. This would result in the agency's lowest staffing in the modern era.
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