IRS

Along with anonymous online forums, high-ranking Republican politicians have spread falsehoods about the IRS workforce and how the newly allocated funds would be spent.

The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.

One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line. The deal worked out by Senate Majority Leader Chuck Schumer and West Virginia Sen. Joe Manchin looks to spend an extra $79.6 billion on...

With no ticket matching all six numbers drawn Tuesday night, the jackpot has surged to $630 million for Friday night’s pull.

An IRS watchdog says customer service issues are worsening at the tax-return-processing agency. A new report from the National Taxpayer Advocate says taxpayers are experiencing longer wait times on the phone, there’s an even bigger backlog of paper returns than there was a year ago, and delays in processing paper returns have been running six months to one year. The...

If you need more time to complete your 2021 returns, here’s what you need to know about requesting a tax extension, deadlines to file and how to check your refund status.

Two House committees have launched an investigation into the government’s use of facial recognition software.

Imagine a world where the government filed your taxes for you for free and all you had to do was sign off on it. This is the way it’s done in some European countries, Denmark, Sweden, Spain, the United Kingdom. It’s called Ready Return. Here in the U.S., we aren’t so lucky. Americans on average spend 13 hours and...

Only 1 out of every 225 tax returns are inspected by an IRS agent, so your odds of getting audited are low, NBCLX Political Editor Noah Pransky says. He explains how the agency has been underfunded over the past several years and why audits are more likely for low-income taxpayers.

In Denmark, the UK, Spain and elsewhere, the government fills out your tax return for you, and you only have to sign off on the information in it. But in the U.S. we often rely on private companies to help us file our taxes; according to IRS data, the average American spends 13 hours and $240 to file their taxes....

Tax Day 2022 may be the last thing you want to think about right now, but here’s one fact to put your mind at ease: You probably won’t get audited. The number of tax returns reviewed by the Internal Revenue Service (IRS) is far lower today — particularly for wealthy Americans — than it was a decade ago, according to...

The White House temporarily took down its Child Tax Credit online tool until the end of this tax season due to confusion the tool has caused.

The IRS is trying to streamline how third-party money app users report their income. NBC 7’s Sergio Flores has the story.

NBC 7 Responds looked at the IRS requirements for paying taxes on income from apps such as Paypal, Venmo or Zelle.

Duke Moore loves talking taxes on Tiktok (@dukelovestaxes). We brought him in to answer your questions about the approaching tax season — like whether you need to claim your cryptocurrency gains or write off those losses.

U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.

This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year

In practice, it’s rare for those who break the law to then turn around and dutifully log their ill-gotten gains for the government to review. But there are exceptions.

The last round of monthly Child Tax Credit payments will arrive in bank accounts on Dec. 15. Here’s what to expect from the IRS in 2022.

Almost all of the money seized by the Internal Revenue Service’s Criminal Investigation unit over the past fiscal year was in cryptocurrency, the agency announced Thursday.