IRS Commissioner Danny Werfel sat down with News 6 and says phishing and smishing schemes top the list of this year’s dirty dozen. “Which is our top 12 tax scams to be on the lookout for,” W ...

National Taxpayer Advocate Erin Collins discussed the updated policy in a Thursday blog post, the same day IRS Commissioner Danny Werfel announced the changes at the UCLA Tax Controversy Conference.

In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service cautioned taxpayers of scammers who use fake ...

Form 3520. No more automatic penalty. The IRS Commissioner Danny Werfel announced some good news for taxpayers on October 24, 2024. The IRS has ended its practice of automatically assessing ...

"In recent weeks, the IRS has made substantial progress in separating eligible claims from the wave of ineligible claims that have come in," said IRS Commissioner Danny Werfel in a statement, "and we ...

"You should never feel pressured by solicitors to immediately give to a charity," said Commissioner Danny Werfel in a statement from the IRS, which issued the warning. "Verify if they're authentic ...

COLUMBIA, S.C. — In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service today cautioned South Carolina taxpayers of scammers who use fake charities to gather sensitive ...

The president-elect's vision will lead to sweeping changes at federal agencies and the employees who work in them.

Budget battles in the new administration will lean towards further cuts to the IRS budget. Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ...

The Internal Revenue Service released its annual financial information Thursday in its fiscal year 2024 Financial Report, ...

This change in reporting requirements will require third-party payment apps to send the IRS a 1099-K for earnings over $5,000 ...