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UNBELIEVABLE: Internal revenue service - The Untold Story

IRS Proposes New Tax Rules for U.S. Companies With Foreign Income and Overseas Operations

U.S. companies doing business overseas could face updated rules for calculating important international tax deductions and foreign tax credits under a new proposal from the Internal Revenue Service and Treasury Department.

The Free Financial Advisor

Treasury, IRS Move to Restrict Refundable Tax Credits for Certain Immigrants: ‘The Days of Illegal Aliens…'

The U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed rules Wednesday to restrict access to the refunded portion of certain federal tax credits for immigrants who do not meet federal eligibility requirements.

Benzinga

IRS Chief Frank Bisignano Fires Back After WSJ Spying Report, Says He 'Wouldn't Even Know How' to Access Confidential Files: 'None of It's True...'

Internal Revenue Service Chief Executive Officer Frank Bisignano on Tuesday denied allegations that he secretly surveilled fellow executives while serving as co-chief operating officer at JPMorgan Chase (NYSE:JPM), calling the claims “completely false” during an interview on CNBC’s Squawk on the Street.

Benzinga

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IRS Chief Frank Bisignano Wants 70 Million Children in Trump Accounts— but Only 6.5 Million Are Signed Up and a Top Economist Says the Math Doesn't Add Up

Internal Revenue Service chief executive officer Frank Bisignano said Thursday he wants every eligible American family to enroll their children in Trump Accounts, outlining a long-term goal of expanding the program to all 70 million children under age 18.

Benzinga

IRS Refund Deadline Today: Millions Of Americans Could Still Claim COVID-Era Tax Money Before Time Runs Out

Millions of Americans may still be eligible for an Internal Revenue Service refund, but they must file a claim by Friday, July 10, according to National Taxpayer Advocate Erin Collins, who warned the relief will not be granted automatically.

Benzinga

Virginia Man Sentenced To Life In Double-Murder Plot Involving Brazilian Au Pair

The sentencing concludes a closely watched Virginia murder case that centered on an affair, a fabricated online identity and the deaths of two unsuspecting victims.

International Business Times

Five reasons hiring an accountant could save you money on taxes

Tax season is in full swing, and the Internal Revenue Service estimates that U.S. taxpayers will file around 164 million individual federal returns.

The Independent UK

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The Zero Trust Mindset: Why You Should Verify Every Official Call from the IRS

Your phone rings, and the caller ID clearly says ‘Internal Revenue Service.’ The voice on the other end is professional, authoritative, and perhaps a little bit intimidating. They mention a discrepancy in your 2023 filing and warn that legal action is imminent if you do not resolve it immediately.

Budget and the Bees

7 IRS Letters Seniors Should Never Ignore After Filing

Opening your mailbox and seeing that distinctive “Internal Revenue Service” return address is enough to make anyone’s heart skip a beat. But here’s the thing:...

Saving Advice

Trump Administration Reportedly Plans Major IRS Shake-Up That Would Make It Easier To Target Democratic Donors

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Benzinga

IRS Details 2026 Tax Provisions, Including Standard Deduction Adjustments — Here Are All The Key Changes

The Internal Revenue Service on Thursday released inflation adjustments for dozens of tax provisions for 2026, alongside changes required by the One Big Beautiful Bill Act, lifting the standard deduction and shifting income thresholds that determine tax bills.

Benzinga

IRS releases 2026 tax brackets and higher tax deductions for 2025, 2026 tax years

The Internal Revenue Service on Thursday announced the annual inflation adjustments for more than 60 tax provisions.

Axios

E-Government And Small Business: Turning Digital Tools Into Real Growth

Small businesses are central to the U.S. economy, yet many new entrepreneurs still face complex procedures when dealing with government.

inkl

IRS in Turmoil: GOP Budget Cuts and Staff Shake-Ups Threaten Taxpayer Services

Republican lawmakers advance a controversial budget bill that would gut IRS funding further, risking your 2026 tax filing season.

Kiplinger

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Benzinga

IRS Broke Its Own Rules When It Terminated Contracts Of Over 7,000 Employees, Reveals Treasury Watchdog

The Internal Revenue Service violated its own policies when it fired thousands of probationary employees earlier this year at the direction of the Trump administration, the Treasury Department's inspector general said in a report released last week.

Benzinga

Trump Ousted Billy Long As IRS Chief Amid Clashes With Treasury, Off-Script Gaffes And Creating 'An Impossible Situation'

President Donald Trump ousted Internal Revenue Service Chief Billy Long last week, only eight weeks into his tenure, continuing the rapid turnover in top leadership at the agency, which has already seen seven changes in less than 12 months.

Benzinga

Trump Removes IRS Commissioner Billy Long After 2 Months, Appoints Treasury Secretary Scott Bessent As Acting Chief Amid Agency Leadership Crisis

President Donald Trump has reportedly removed Billy Long as Internal Revenue Service commissioner just two months after his Senate confirmation. Treasury Secretary Scott Bessent will serve as acting IRS commissioner while the administration searches for a permanent replacement.

Benzinga

IRS Engineers Build Secret Tool So ICE Can Bypass Legal Review And Pull Real-Time Immigrant Address Data: Report

The Internal Revenue Service is quietly building a computer program that would let Immigration and Customs Enforcement pull taxpayer information on demand, giving deportation officers real‑time addresses and phone numbers for people with final removal orders, according to an internal blueprint reviewed by ProPublica.

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Benzinga

Congressman Says 'Nobody Asked For The IRS To Be Americans' Tax Preparer,' Applauds Efforts To Shut Down The IRS Direct File Program

Rep. Jason Smith (R-MO) is celebrating the House-passed bill that would shut down the Internal Revenue Service Direct File program, a free federal tool that allows Americans to file taxes online without paying private companies.

Kiplinger

IRS Government Watchdog Warns More Layoffs to Come

Over 11,400 IRS employees took the Trump-instructed buyout or were terminated. What does it mean for your taxes going forward?

The Conversation

From help to harm: How the government is quietly repurposing everyone’s data for surveillance

A whistleblower at the National Labor Relations Board reported an unusual spike in potentially sensitive data flowing out of the agency’s network in early March 2025 when staffers from the Department of Government Efficiency, which goes by DOGE, were granted access to the agency’s databases. On April 7, the Department…

Latin Times

Musk-Appointed IRS Leader Doesn't Last a Week After Treasury Secretary Claims He Was Instated Without His Approval: Report

The IRS went through another leadership shuffle on Friday with Trump replacing Musk-appointed acting commissioner Gary Shapley after just a few days on the job.

Kiplinger

IRS Layoffs Spark Delays, Doubt This Tax Season

Tax experts say Trump’s downsizing of the IRS is already causing problems.

The Independent UK

DOGE lease cancellations: Which government offices could be closed this year and when

The General Services Administration, working with Elon Musk’s Department of Government Efficiency, has notified landlords that federal agencies will be terminating hundreds of leases for offices and buildings in the coming months

The Independent UK

IRS swaps chief counsel for a lawyer friendly with DOGE, AP sources say

The Internal Revenue Service’s acting chief counsel, William Paul, has been removed from his role at the agency and replaced by Andrew De Mello, an attorney in the chief counsel’s office who is deemed supportive of Elon Musk’s Department of Government Efficiency, according to two people familiar with the plans…

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