Feb. 15 (UPI) --IRS Commissioner Danny Werfel testified Thursday afternoon before the House Ways and Means Committee as the GOP-controlled chamber seeks to take money from the Inflation Reduction ...

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

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

The moratorium on new ERC claims processing was announced last fall by IRS Commissioner Danny Werfel in response to concerns raised by tax professionals, the media, and the agency about scams ...

Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by ...

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

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 changes in a recent blog post. The changes have been long advocated by the AICPA.

“We will start to see patterns and trends, and activity that we can link with tax evasion that we couldn’t previously,” IRS Commissioner Danny Werfel said of the agency’s AI use to crack ...

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

“This is part of the ongoing IRS modernization effort to make improvements for business taxpayers and others,” said IRS Commissioner Danny Werfel. “This next step in the evolution of the ...