WASHINGTON — Black taxpayers are at least three times as likely to be audited by the Internal Revenue Service as other taxpayers, even after accounting for the differences in the […]
Internal Revenue Service
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Back to news homeYour Tax Refunds May Be Smaller This Year
Filers may want to have their returns prepared early in the filing season, so they can adjust their budget if their refund falls short of expectations. “Knowing where you stand […]
I.R.S. Backlogs Continue as Republicans Mount Offensive
WASHINGTON — The Internal Revenue Service will begin the 2023 tax season bogged down in 10 million unprocessed tax returns from prior years and struggling to answer taxpayer phone calls, […]
How New IRS Rules Could Affect Venmo, Zelle and CashApp Users
WASHINGTON — This year, Dennis Turbeville, a woodworker in Washington, used the mobile payment service Venmo to sell his wares, collect payments on a rental property and split personal expenses […]
Did You Sell an Old Desk Online? You May Receive a Tax Form.
The change is not meant to apply to people who are receiving payments as gifts or as reimbursements from friends after splitting the cost of a restaurant meal, said Erin […]
How a Hospital Chain Used a Poor Neighborhood to Turn Huge Profits
RICHMOND, Va. — In late July, Norman Otey was rushed by ambulance to Richmond Community Hospital. The 63-year-old was doubled over in pain and babbling incoherently. Blood tests suggested septic […]
More Money for I.R.S. Spurs Conspiracy Theories of ‘Shadow Army’
WASHINGTON — It has been called President Biden’s “shadow army,” described as a strike force to shake down small businesses with assault rifles and likened to a militia of auditors […]
Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud
In the midst of the pandemic, the government gave unemployment benefits to the incarcerated, the imaginary and the dead. It sent money to “farms” that turned out to be front […]
Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible
After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found […]
Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.
The drug company Perrigo had a problem.Consultants at the giant advisory firm EY had devised an elaborate arrangement that would allow Perrigo, one of the country’s leading makers of nonprescription […]