IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Insurer to Pay $77M to Settle Criminal Tax Evasion Case
By Allison BellSwiss Life has agreed to help the U.S. government locate U.S. tax evaders in a criminal case involving private placement insurance.
April 13, 2021
U.S. Likely Failing to Collect $1 Trillion a Year in TaxesCryptocurrency and tax evasion by the wealthy contribute to the tax gap, IRS Commissioner Rettig says.
April 02, 2021
IRS to Refund Taxes Paid on 2020 Jobless BenefitsTaxpayers don't need to file an amended return unless the change qualifies them for additional tax benefits.
March 31, 2021
IRS Warns of Identity Theft Scam Targeting College Students, FacultyThe scammers lure victims with the promise of a tax refund.
March 29, 2021
IRS Extends IRA Contribution DeadlineContributions to HSAs and Coverdell Education Savings Accounts also are extended to May 17.
March 26, 2021
IRS Says Face Masks, Hand Sanitizers Are Tax DeductibleIndividuals can deduct items purchased to prevent COVID-19 spread as long as their total medical expenses exceed 7.5% of income, the IRS says.
March 22, 2021
Can the IRS Rein In Wealthy Tax Cheats? Ed Slott Is SkepticalThe IRS commissioner recently pledged a crackdown, but Slott says that the agency is outgunned and that its efforts could ensnare lower earners.
March 17, 2021
IRS Extends Tax Filing DeadlineThe House Ways and Means Committee chairman had called on the IRS to extend the deadline.