WASHINGTON — The Treasury Department is moving ahead with a formal racial equity review of the agency and its programs, putting in place an effort to ensure that economic fairness […]
Internal Revenue Service
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Back to news homeWhistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop
The Swiss bank also hired Mr. Wray, then a partner at King & Spalding in Washington who had served as the head of the Justice Department’s criminal division and oversaw […]
Is My Stimulus Payment Taxable? And Other Tax Questions
Ms. Long generally recommends that people getting unemployment benefits choose to have at least 10 percent withheld for taxes to avoid unwelcome surprises.You’ll probably also owe state income taxes on […]
I.R.S. Pushes Back Start of 2020 Tax Filing Season
“This would be the same experience for taxpayers if the filing season opened in late January,” the agency said. By law, the agency cannot issue refunds to people claiming the […]
With Higher Taxes Possible, Here’s What to Do Now
Some tax issues will play out later this year. One of them involves individuals who own businesses and pay the self-employment tax. They pay 12.4 percent of their income in […]
‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans
Unprofitable and Out of LuckSole proprietorships are the most common business structure in America, accounting for around 26 million businesses, according to the latest I.R.S. data. Many are sidelines — […]
Stimulus Payment Delayed? You May Need to Claim It on Your Tax Return
Millions of people have already received their $600 federal stimulus payment. But some Americans will have to wait a bit longer — and may have to file their tax return […]