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Tax Day reveals split in how Joe Biden, Donald Trump would govern
At the end of 2025, many of the tax cuts that Trump signed into law in 2017 will expire.
By Josh Boak and Jill Colvin, The Associated Press
IRS will start simplifying notices to taxpayers in modernization drive
More than 170 million notices, often long and filled with legal jargon, are sent out annually to taxpayers regarding credits, deductions and taxes owed.
By Fatima Hussein
IRS says it collected $360M from rich tax cheats as funding threatened
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
By Fatima Hussein
Congressional leaders agree on spending, key step to averting shutdown
The agreement speeds up the roughly $20 billion in cuts already agreed to for the Internal Revenue Service and rescinds about $6 billion in COVID relief.
IRS to waive penalties for millions owing back taxes
Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligible.
By Fatima Hussein
IRS consolidates deputy commissioner roles, names other c-suite leaders
It’s the first time the agency’s upper echelons have been restructured in nearly two decades.
Biden asks voters to let him ‘finish the job.’ Here’s what that means
His goals for child care, community college and prescription drugs have been laid out, and he has made promises on civil rights that are unfulfilled.
By Chris Megerian
IRS plan to let taxpayers digitally submit docs is ahead of schedule
With the electronic free file tax return system starting in 2024, the agency will be able to process everything, including tax returns, digitally by 2025.
By Fatima Hussein
House GOP targets IRS in bill to provide emergency aid to Israel
The bill that passed the House Thursday — unlikely to be approved by the Senate — would cut $14 billion from the nation’s tax collector.
By Fatima Hussein