IRS faces $20 billion cut under debt ceiling deal
Last year, Congress approved $80 billion in new funding for the Internal Revenue Service — but the bipartisan debt ceiling deal would claw some of that money back.
IRS to offer free online direct filing system for some taxpayers in 2024
The IRS is testing a system that would allow taxpayers to file federal tax returns for free online directly with the agency, with a pilot program launching for some filers next year.
IRS to test a limited pilot in 2024 for its own free ‘Direct File’ option
Many taxpayers like the notion of a do-it-yourself plan for preparing and filing their tax returns digitally for free through an IRS-run system.
IRS tests free e-filing system that could compete with tax-prep giants
The prototype program developed by the federal government could be available for a small group of taxpayers by January
How Can the Inflation Reduction Act Benefit Healthcare Facilities?
The Inflation Reduction Act (IRA) was signed into law last summer in an effort to stem the rising inflation. Within the IRA was an enhancement to the 179D Energy Efficient Commercial Buildings Deduction. 179D itself is essentially providing an incentive for organizations to use more energy efficient technologies for their buildings.
The IRS released its $80 billion funding plan. Here’s what it means for taxpayers
The IRS on Thursday released a plan for the nearly $80 billion in agency funding enacted through the Inflation Reduction Act in August — including expected boosts for customer service, technology, and enforcement.
3 Ways the IRS’s $80-Billion Spending Plan Will Make It Easier for Small-Business Owners to Do Their Taxes
The IRS on Thursday released its $80-billion plan to begin the agency’s modernization efforts, which will introduce new digital tools, streamline tax processes, and offer more assistance to taxpayers.
IRS Overhaul Aims for Tenfold Increase in Audits of the Wealthy
The IRS hopes to increase tax audits on the wealthiest taxpayers tenfold under the Biden administration’s plan for the agency, according to a senior administration official and the IRS’s new strategic operating plan.
IRS Releases Plan To Spend $80 Billion—And It Probably Isn’t What You Expect
A large-scale refurbishment of the Internal Revenue Service (IRS) is underway following an allotment of $80 billion to the agency in Democrats’ Inflation Reduction Act passed last year.
Impact of New IRS Funds Won’t Immediately Be Felt in Audits
Expectations are high that the IRS will beef up tax enforcement with its new $80 billion in multiyear funds from the Inflation Reduction Act, but it will take some time for that to come to fruition.