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IRS Headlines

What happens at the IRS affects all of us. To stay up-to-speed with the biggest news coming from the IRS, you’re in the right spot. In this section, you can expect to find major updates on IRS changes, new IRS policies, major IRS press releases, and more. We’ve collected it all in one place to make sure you never miss a beat. For other tax-specific questions, we’re always available—so get in touch with one of our tax specialists today through our free live chat, located to the bottom right of your screen – or by clicking here.

Category: IRS Headlines

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New Reporting Prevents Underreporting of Income
If you make your living through your client’s payments, you may have been tempted to decline a few. Then, you might underreport your income to the Internal Revenue Service. But successful underreporting of income is getting more difficult. IRS ...
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Supreme Court Cuts Investigations for Tax Schemes
If you’ve ever had to work for a living chances are you probably hated one of your bosses over the years. But you’d probably think differently if that boss was a complicated tax shelter saving you millions of dollars. Enter: the Supreme Court. Wh...
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Federal Workers Owe IRS Billions
Did you enjoy paying your income taxes last year? Looks like thousands of federal employees decided that last year’s April 15 wasn’t for them. A recent IRS report announced that 279,000 federal workers and retirees owe Uncle Sam more than $3.4 bi...
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Taxpayers Stiff Uncle Sam Out of Millions
Taxpayers stiffed Uncle Sam $450 billion just 6 years ago, and the IRS is aiming to stop it. Taxpayers: Nearly $450 Billion Unpaid in 2006 The IRS announced that Americans underpaid their taxes by that massive figure in 2006, with the nation’s nonc...
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Income Tax Changes on the Horizon
The IRS announced new income tax changes affecting taxpayers for 2012, and you’re more likely to notice them compared to recent years. Personal exemptions and deductions will rise, and tax brackets will expand, all because of inflation. Income Tax ...
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States Change Tax Laws for 2012
It’s a new year, and that means new tax rates in various states. While they don’t have authority over the behemoth agency known as the IRS, state legislators are always sticking their hands in their state’s tax laws. As the states c...
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IRS Hobby Guidelines Aim to Clear Confusion
They say that when you love your job, then it’s not really work. If you’re lucky to have your hobby as your job, then the rat race is something you can look forward to. Naturally, that means some hobby guidelines may kick in. When Pleasure Become...
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Truly Terrifying IRS Horror Stories
If you’re looking for a scary story to tell over a fire this Halloween, look no further than the IRS. It’s time for some IRS horror stories. IRS Horror Stories The Internal Revenue Service is constantly vilified by politicians for its unforgi...
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Warren Buffet Urges Higher Taxes on Super-rich
In a highly publicized column in mid-August, billionaire investor Warren Buffet urged Washington politicians to stop coddling America’s wealthiest and to increase taxes on the super-rich like himself. Warren Buffet Criticizes Washington for Coddlin...
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Federal Tax Breaks Aid Healthy Vending
With childhood obesity in the U.S. more than tripling over the past 30 years, President Barack Obama signed the Healthy Hunger-Free Kids Act of 2010 to reverse the trend. The law aims to make the food sold in schools healthier, and it also applies to...
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