Gives 1 Million more Americans health care, mostly children. The Treasury Department and the Internal Revenue Service (IRS) published a final rule this week that fixes the Obamacare…
Read MoreInternal Revenue Service
House Bill Would Redirect IRS Funds to Border Patrol
Bill’s sponsor says failure to secure the border is a disaster. Representative Claudia Tenney of New York introduced legislation Wednesday that would redirect funds intended for the Internal…
Read More
IRS Admits Website Exposure of Confidential Information
Officials say leaked taxpayer data did not include social security numbers. The Internal Revenue Service has acknowledge that private taxpayer information was accidentally disclosed on its website earlier…
Read More
IRS Given Deadline for Overhaul
Treasury Secretary wants a plan within six months. Secretary of the Treasury Janet Yellen asked the Internal Revenue Service to develop an operational plan for deploying the $80…
Read More
President Signs Inflation Reduction Act
Bill addresses taxes, healthcare, and climate On Tuesday, President Joe Biden signed the Inflation Reduction Act into law, one he said he had waited 18 months to sign. The…
Read More
Secretary Yellen Prepares IRS for Inflation Act Policy
She says the budget increase will not impact middle-class tax audits. Secretary of the Treasury Janet Yellen sent a letter to the Internal Revenue Service (IRS) last week…
Read MoreIRS To Clear 2021 Backlog This Week
Treasury secretary calls for additional funding as the service continues to struggle. The Internal Revenue Service (IRS) said on Tuesday that, by the end of this week, they…
Read More
CBO Report Says Taxes Will Rise Higher
Highest for individuals since 1913. The nonpartisan Congressional Budget Office (CBO) has released its budget and economic outlook for 2022 and it shows that federal taxes are rising…
Read More
Individual Income Taxes Surge
Will go higher as previous administration’s tax cuts expire. Americans are now paying the most in individual income taxes ever. According to a new budget analysis presented to…
Read More
IRS to Raise Interest Rates in April
They set new rates every quarter per federal code. As of Friday, April 1, interest rates on amounts due to the Internal Revenue Service will increase for the…
Read More