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 […]
Internal Revenue Service
Trending topics and news from the Internal Revenue Service category
Back to news homeProsecutors 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 […]
The Federal Government Subsidizes Abortions. Will That Last?
In the United States, you can get a tax deduction for your abortion if your overall health care expenses are high enough. That didn’t change with the Supreme Court’s ruling […]
Paying Taxes in 2022: What You Need to Know
I was lured into the meme stock madness. What do I need to know?The federal government is coming for its share of your winnings. If you were trading in a […]
5 crypto tax tools that could save your ass on Tax Day
If you’re among the 16% of Americans who transacted with or traded cryptocurrency last year, you’re probably breaking a sweat about the looming deadline to file your taxes (that’d be […]
Amid Invasion of Ukraine, I.R.S. Aims to Police Oligarch Sanctions
A global game of sanctions cat-and-mouse is now underway. This week, the Financial Crimes Enforcement Network, a Treasury Department bureau, issued a new alert to financial institutions urging them to […]
Amid Russia Invasion, I.R.S. Aims to Police Oligarch Sanctions
WASHINGTON — The Internal Revenue Service is pressing Congress to devote more resources to the agency as it takes an increasingly central role in the Biden administration’s efforts to prevent […]
I.R.S. Braces for Another Chaotic Tax Season
WASHINGTON — At the Internal Revenue Service’s sprawling Kansas City, Mo., processing center, teams of clerks earning $15 per hour work through the night, trying to help the agency clear […]