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.
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 ...
This change in reporting requirements will require third-party payment apps to send the IRS a 1099-K for earnings over $5,000 ...
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 ...
The Internal Revenue Service released its annual financial information Thursday in its fiscal year 2024 Financial Report, ...
“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 ...
“IRS commissioner Danny Werfel urges taxpayers to file and provided reassurance that if there’s a change that impacts tax filers returns, the IRS will make the change whether it’s an ...
“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 ...
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