Latest Internal Revenue Service News

Tougher IRS enforcement central to Dem economic package

Aug. 05, 2022 00:29 AM EDT

WASHINGTON (AP) — After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it's long wanted in the economic package that Democrats are working furiously to push through Congress before their August break. Under a deal worked out...

Editorial Roundup: United States

Aug. 03, 2022 13:58 PM EDT

Excerpts from recent editorials in the United States and abroad: July 30 The Washington Post on U.S. accepting Ukrainian immigrants The United States has now met President Biden’s goal, announced in March, to legally admit “up to” 100,000...

Contractor who cheated IRS to spend weekends behind bars

Jul. 14, 2022 14:47 PM EDT

PROVIDENCE, R.I. (AP) — A Rhode Island drywall contractor who according to authorities played a key role in cheating the Internal Revenue Service out of more than $2.8 million by paying some workers in cash was sentenced Thursday to three years of probation, although he will serve some time...

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

Jun. 22, 2022 13:53 PM EDT

WASHINGTON (AP) — It’s Groundhog Day at the IRS. After digging out of a daunting backlog from 2021, the agency has an even bigger backup for this tax season than it did a year ago and its pace for processing paper returns is slowing down, according to a watchdog report released...

IRS erases last season's backlog, but still faces 2022 crush

Jun. 21, 2022 18:15 PM EDT

WASHINGTON (AP) — The Internal Revenue Service said Tuesday that it will have erased its backlog of last season's tax returns by the end of this week. And with 143 million returns from this year's tax season processed so far, agency officials say there's a greater likelihood of...

Feds: Plumber hosed customers, cheated IRS of $1.5M

Jun. 02, 2022 11:31 AM EDT

BOSTON (AP) — A Massachusetts plumber who overcharged his customers and failed to pay nearly $1.5 million in taxes has been sentenced to a year in prison, federal prosecutors said. Jared Derrico, 35, of Boxford, was also sentenced this week to three years of probation, and ordered...