The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport
Grace Cary | Moment | Getty ImagesTravelers, be warned: The federal government may revoke your passport if you ignore a ...
Tag: IRS
IRS Shares New Crypto Tax Form, Invites Industry Input
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors ...
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
Halfpoint Images | Moment | Getty ImagesThe federal government has issued more than $1 billion in tax credits as an ...
I.R.S. Commissioner Warns Budget Cuts Would Add to Deficit
The head of the Internal Revenue Service warned on Thursday that proposed cuts to his agency’s budget would ultimately cost ...
The IRS and the Rising Cost of Crypto Tax Compliance
David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set ...
IRS says Microsoft owes an additional $29 billion in back taxes
Microsoft CEO Satya Nadella arrives at federal court in Washington, D.C., on Oct. 2, 2023.Drew Angerer | Getty ImagesMicrosoft received ...
I.R.S. Contractor Charged With Leaking Tax Returns
A contractor for the Internal Revenue Service has been charged with leaking tax return information from a senior government official ...
