News

The IRS unveiled its plan to use $80 billion in new funding over ten years, focused on better customer service and a crackdown on high earners.
The IRS has launched a new initiative targeting high-income individuals who have failed to file federal tax returns since 2017.
The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government watchdog finds.
The IRS and the Department of the Treasury also issued three pieces of guidance Monday focusing on partnerships following discoveries by IRS audit teams of related-party transactions using basis ...
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
The chief information officer at the Internal Revenue Service said he would resign, according to an email sent to staff and seen by Reuters on Monday, the latest in a string of high-profile ...
The Internal Revenue Service (IRS) is cracking down on high-income earners and businesses that owe hundreds of millions of dollars in past-due taxes—and in doing so are “abusing the nation’s ...
By Christopher C. Giambrone The backdoor Roth IRA is a strategic retirement savings technique that allows high-income earners to contribute to a Roth IRA despite exceeding the IRS income limits.
The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes ...
Prof G says high-earners in blue cities like NYC, San Francisco can make $1 million annually — but he still deems them as the ‘poor rich.’ Here’s what wealth in America really means Story ...
It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1% As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in ...