Here’s who qualifies for free tax filing through the IRS this season

Artistgndphotography | E+ | Getty Images Estimated state-by-state eligibility The Treasury estimates that 19 million taxpayers may be eligible to use Direct File this season, with the following breakdown in each pilot... Read more »

Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from IRS

Shannonstent | E+ | Getty Images As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency.  Digital assets are one of the agency’s “priority areas,”... Read more »

Tax evasion by wealthiest Americans tops $150 billion a year: IRS

The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to... Read more »

Corporate Jet Use by Ultra-Wealthy Is Latest IRS Crackdown Push

The IRS is bringing the hammer down on the ultra-wealthy’s abuse of tax breaks on the use of corporate jets. The agency will begin three to four dozen new audits this spring... Read more »

IRS weighs ‘audit selection algorithm’ changes for low-income tax credit

IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images After vowing in September to “substantially” reduce... Read more »

Here are some of the top red flags for an IRS audit, tax pros say

Image Source | Image Source | Getty Images As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent IRS enforcement... Read more »

The average tax refund is almost 29% lower this tax season, IRS reports

Artistgndphotography | E+ | Getty Images With tax season in full swing, the IRS has issued more than 2.6 million refunds worth about $3.65 billion, as of Feb. 2, the agency reported... Read more »

Betting on the Super Bowl? Be sure to report your wins to the IRS

Travis Kelce of the Kansas City Chiefs, left, and George Kittle of the San Francisco 49ers stand on stage during the NFL’s Super Bowl Opening Night show at Allegiant Stadium in Las... Read more »

Here’s what to know about the free IRS Direct File tax filing program

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters As the tax season kicks off next week, Americans have several free filing... Read more »

IRS is resuming automated collection notices. Here’s what to know

The Good Brigade | DigitalVision | Getty Images How IRS collection notices work Typically, CP14 is the first IRS notice for an unpaid tax balance, followed by three or four reminder letters,... Read more »

IRS delays rule change for 1099-K on Venmo, PayPal business payments

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or Venmo or... Read more »