IRS lacks âadequate controlsâ to protect sensitive taxpayer info from unauthorized access: IG report
A recent inspector general report found that in some cases the Internal Revenue Service lacked “adequate controls” to protect sensitive U.S. taxpayer information from unauthorized access. fox business report. A Treasury Department tax agency investigation found that some former IRS employees and contractors still had access to certain “sensitive systems.” The inspector general launched an […]
IRS expands free online filing program to 3 more states
The IRS’ new free online tax filing program is now moving beyond the initial phase of no-income-tax pilot states. The IRS announced Friday that it has begun implementing the test phase of the program in Arizona, New York, and Massachusetts, all states that impose income taxes. The test pilot will be conducted in a total […]
IRS warns government tax refunds to be 29% lower in 2024
For Americans hoping for a 2024 tax refund similar to last year’s check, the Internal Revenue Service is pouring ice water on the prospect. The IRS has warned Americans that their 2024 tax refund checks could be significantly smaller than last year, according to reports. initial data Issued by the government department responsible for assessing […]
Average American set to receive 29% less in refunds this tax season, IRS says – New York Post
work by Shannon Saylor issued February 16, 2024, 9:31 a.m. ET Americans hit by inflation and waiting for a much-needed cash injection from tax refunds received 29% less in taxes than last year, according to early data from the Internal Revenue Service. The average refund issued through Feb. 2 totaled $1,395, down $568 from this […]
Average American set to receive 29% less this tax season, IRS says
Americans hit by inflation and waiting for a much-needed cash injection from tax refunds received 29% less in taxes than last year, according to early data from the Internal Revenue Service. The average refund issued through Feb. 2 totaled $1,395, down $568 from this time last year, according to the IRS. Filing season statistics showed […]
Tax refunds are much smaller so far this year, IRS says
Early data released by the IRS shows that tax refunds so far this year are significantly lower than the same period last year. The average refund check so far this year is worth $1,395 as of Feb. 2, about 29% lower than the $1,963 average recorded last year. This is based on approximately 2.6 million […]
IRS ready to pounce on CTC expansion
Commissioner of Internal Revenue danny wurfel He said Thursday that the IRS is paying close attention to the bill and that the expanded credits and deductions could be processed domestically. A matter of weeks. Werfel added that the IRS could do so within the current filing season, which begins at the end of January. “We […]
House Republicans Announce Probe Into IRS For Allegedly Allowing ‘Prohibited’ Political Activity
The Republican-led House Oversight and Accountability Committee announced Wednesday that it will investigate the Internal Revenue Service (IRS) for allegedly allowing nonprofit organizations to conduct “prohibited” political activities. House Oversight Chairman James Comer said the IRS allows certain 501(c)(3) nonprofit organizations to engage in lobbying as a “substantive part” of their operations. It claims this […]
IRS takes baby steps with new direct file program
The IRS is taking a cautious approach to launching a free online tax filing system as the agency and its ambitious projects face intense political scrutiny. The IRS’ new “Direct File” online tax filing system will be available to an unlimited number of citizens when it is widely rolled out in mid-March, the IRS announced. […]
5 simple ways to make the IRS more effective, efficient, and fair
The Internal Revenue Service must constantly adapt to provide the best possible service to taxpayers. As tax attorneys, we have decades of experience navigating complex tax laws to help small businesses take advantage of the deductions and credits available to them, so we know how the IRS operates. There are many things government agencies can […]