Latest Internal Revenue Service News
Tax season has begun. Here's when you'll get your refund
NEW YORK (AP) — Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a new online tool to help taxpayers check the status of any refund they may be entitled to. President Donald Trump this week offered all federal...
Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts
WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth. ...
White House would have many ways to upend lives of Trump's enemies
WASHINGTON (AP) — For the many people considered enemies by President Donald Trump, his return to the White House has sparked anxiety about how much power he has to upend their lives. The White House has ways to reward friends or punish foes, putting aside the long expectation that...
Trump's perceived enemies worry about losing pensions, getting audited and paying steep legal bills
WASHINGTON (AP) — It’s not just criminal prosecutions that worry those who have crossed President Donald Trump. There are more prosaic kinds of retaliation: having difficulty renewing passports, getting audited by the IRS and losing federal pensions. For the many people who have...
IRS Commissioner Daniel Werfel says he'll step down on Trump's Inauguration Day
WASHINGTON (AP) — IRS Commissioner Daniel Werfel said in a letter to IRS workers on Friday that he intends to step down from his position on President-elect Donald Trump's Inauguration Day. “After significant introspection and consultation with others, I’ve determined the best...
Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut. And in turn, Bessent...
Trump says he will create an 'External Revenue Service' agency to collect tariff income
WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. “We will begin charging those that make money off of us with Trade, and they will...
The tax deadline for some small businesses affected by disasters in 2024 is drawing near
NEW YORK (AP) — The tax deadline for some small businesses affected by severe weather in 2024 is drawing near, the IRS is reminding owners. Small businesses in all or parts of 14 states and 2 territories that received extensions to file their 2023 returns due to natural disasters...
IRS is sending out automatic stimulus payments. Who is getting them?
The IRS is distributing about $2.4 billion to taxpayers who didn't receive their COVID stimulus payments. By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS. The IRS said it's distributing these payments to taxpayers...
IRS announces January 27 as the start of the 2025 tax season
The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline. The announcement comes with agency in the midst of a massive overhaul, attempting to improve its technology...
