IRS says tax collection is more efficient this year, and receipts are up more than 5%
The Treasury Department and IRS are working to make the tax collection agency more efficient, which has included a focus on updating outdated IT systems.
About 20K IRS workers are weighing buyout offers
About 20,000 workers at the IRS have expressed interest in buyout offers extended by the Trump administration as part of its plan to shrink the agency.
It's Tax Day: Need to file an extension? Today's the deadline
Tax Day arrives on April 15, and taxpayers have a deadline of midnight to file their return or request an extension from the IRS. But that does not extend tax payment deadlines.
Acting IRS chief to step down after immigration deal with DHS: report
Melanie Krause, the acting commissioner of the IRS, is planning to step down following a data-sharing deal with the Department of Homeland Security, reports say.
Senate DOGE Caucus chair wants improved tech from IRS to help those starting a business
Sen. Joni Ernst, R-Iowa, wants the IRS to improve its technology so business owners can apply for an employer identification number at any time any day of the week.
DOGE says IRS modernization program is $15B over budget and 30 years overdue
A representative for the Department of Government Efficiency said Thursday that the IRS’ modernization program was significantly over budget and behind schedule.
O'Leary believes crypto will be the 12th sector of economy in 'next few years'
O'Leary Ventures Chairman Kevin O'Leary gives his outlook for cryptocurrency under the Trump administration and reacts to a Treasury Department special advisor commenting on the problems within the IRS.
IRS whistleblowers who investigated Hunter Biden promoted at Treasury Department
Treasury Secretary Scott Bessent is bringing a pair of IRS whistleblowers who faced retaliation over their work on the Hunter Biden tax case to work at the Treasury Department.
Treasury Secretary addresses recession talk: 'There is no reason we need to have a recession'
U.S. Treasury Secretary Scott Bessent discusses the promotions of the Hunter Biden IRS whistleblowers to leadership roles in the department, tariff strategy, recession concerns and more during a 'Mornings with Maria' exclusive.
Time is running out for taxpayers to claim $1B in refunds from 2021
The IRS is warning that $1 billion in unclaimed 2021 tax refunds remain because about 1 million taxpayers haven't filed tax returns for that tax year as an April 15 deadline looms.
Americans' tax refunds larger than last year so far: IRS
The Internal Revenue Service (IRS) released data showing that the average tax refund check sent to taxpayers was larger than last year during the first month of tax filing season.
IRS leak is 'doing' Biden admin's 'job,' Florida senator argues
Sen. Rick Scott, R-Fla., weighs in on a major leak from a former IRS contractor and argues there is a double standard for accountability on 'The Bottom Line.'
Trump admin IRS cuts 'don't add up,' former commissioners write in op-ed
Seven former commissioners of the Internal Revenue Service (IRS) have spoken out against what they call "aggressive" cuts to the agency’s workforce under President Donald Trump.
Elon Musk signals he will audit the Federal Reserve next
'The Big Money Show' panel criticizes Democrats for their 'tone-deaf' response to DOGE's cost-cutting efforts.
Trump going in ‘right direction’ by reducing taxes on domestic activity, says Tomas Philipson
Former member of the White House Council of Economic advisors Tomas Philipson discusses President Donald Trump’s economic plans on ‘The Bottom Line.’
Will you get a tax refund this year? Experts have ideas on how to use the money
When taxpayers receive their refunds, addressing debt, socking away money in an emergency fund and contributing to retirement are some good avenues for using those funds, experts said.
DOGE could be remembered as Trump's biggest achievement: Kevin O'Leary
O'Leary Ventures Chairman Kevin O'Leary discusses DOGE's effort to cut government waste and fraud on 'The Big Money Show.'
IRS has had 'no interest in the privacy of the American people': Grover Norquist
Americans for Tax Reform President Grover Norquist previews DOGE's IRS audit and reacts to Florida potentially abolishing property taxes.
The IRS was ‘weaponized’ to go after conservatives, argues GOP lawmaker
Rep. Beth Van Duyne, R-Texas, joins ‘The Bottom Line’ to weigh in on DOGE’s plans to investigate the Internal Revenue Service.
Tax tip: Don't file until you get all necessary documents
Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other tax-related documents to ensure they have them before filing.