IRS Makes Plea for Upgrade to Improve Tax Collections
Congress
IRS Makes Plea for Upgrade to Improve Tax Collections
2020-10-08 14:32:14
by Tom Ramstack

WASHINGTON -- Lawmakers joined the Internal Revenue Service’s commissioner Wednesday in making a plea to upgrade the computers and staff that collect the nation’s taxes. They said budget cutbacks and the coronavirus have resulted in shortcomings in the agency’s ability... Read More

Feds Begin Prosecuting Fraudulent PPP Coronavirus Loans. Some Cases Will Be Hard to Win
Business
Feds Begin Prosecuting Fraudulent PPP Coronavirus Loans. Some Cases Will Be Hard to Win

WASHINGTON — One Los Angeles business owner allegedly went to Las Vegas and gambled away some of the $9 million he received in emergency government loans earmarked for his employees. A Texas man is accused of using his $1.5 million... Read More

Virus Payments Hit Glitches as IRS Sends Billions to Americans
Economy
Virus Payments Hit Glitches as IRS Sends Billions to Americans

WASHINGTON — Errors are turning up in the Internal Revenue Service’s $1,200 payments to households this week, with some people receiving too little, a handful getting more than expected and some seeing their payment go into an unrecognizable bank account.... Read More

President Trump's Name to be Embossed on Stimulus Checks
In The News
President Trump's Name to be Embossed on Stimulus Checks
2020-04-15 18:56:33
by Dan McCue

WASHINGTON - In an unprecedented move, President Donald Trump's name will be printed on the stimulus checks the Internal Revenue Service is about to start sending to millions of Americans across the country. The inclusion of Trump's name was first... Read More

Starting Next Week, Americans Can Give IRS Deposit Info to Get Stimulus Check Faster
Economy
Starting Next Week, Americans Can Give IRS Deposit Info to Get Stimulus Check Faster

WASHINGTON — As soon as next week, Americans will be able to provide the Internal Revenue Service with direct deposit information so they can receive their stimulus checks of up to $1,200, Treasury Secretary Steven Mnuchin told House Democrats in... Read More

IRS Extends Tax Deadline 90 Days in Response to Coronavirus
In The News
IRS Extends Tax Deadline 90 Days in Response to Coronavirus
2020-03-17 21:57:58
by Dan McCue

WASHINGTON - The Trump administration announced Tuesday that individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline to July 15. The extension is an effort to inject... Read More

Chairman Neal Issues Subpoenas for Trump Tax Returns
Congress
Chairman Neal Issues Subpoenas for Trump Tax Returns
2019-05-10 21:11:51
by Dan McCue

Representative Richard Neal, D-Mass., chairman of the House Ways and Means Committee Friday issued subpoenas for six years of President Donald Trump's tax returns. The subpoenas give Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig until 5 p.m. next... Read More

House Panel Formally Asks IRS to Turn Over Trump Tax Returns
Congress
House Panel Formally Asks IRS to Turn Over Trump Tax Returns
2019-04-04 14:10:38
by Dan McCue

The chairman of the House Ways and Means Committee Wednesday formally requested that the Internal Revenue Service turn over six years of President Donald Trump's personal and business tax returns. In a letter to IRS Commissioner Charles Rettig, Representative Richard... Read More

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