Politics
Trump Says He’s ‘Taking Away’ Harvard’s Tax Exempt Status
President Trump said on Friday that Harvard would lose its tax-exempt status, repeating his intent to enlist the Internal Revenue Service…
Tag
Internal Revenue Service
Politics
Trump’s 100-Day Economic Report Card
Trump’s tumultuous start When President Trump took office in January for his second term, business leaders anticipated an administration…
News
Some Online Scam Victims Can Now Seek Tax Relief on Firmer Ground
Victims of sophisticated online scams are often dealt a double whammy. Not only is their money forever gone, but these stolen sums often…
Business
IRS April 15 tax deadline extended in 9 states: Here's why
While Tax Day looms over millions of Americans, taxpayers in at least nine states have been allowed by the Internal Revenue Service (IRS)…
Culture
Did You Sell Concert Tickets or Clothes? You May Owe Taxes
If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert…
Business
I.R.S. Fires 6,700 Employees Ahead of Tax Filing Season
The Trump administration started firing about 6,700 employees at the Internal Revenue Service on Thursday, according to people familiar…
Politics
Struggle Over Americans’ Personal Data Plays Out Across the Government
Last week, Michelle King, the acting commissioner of the Social Security Administration, sought to reassure Democrats on Capitol Hill…
Politics
Elon Musk Zeroes In on the I.R.S.
The fire hose of Elon Musk news continues: We’ve got more on the controversy over the access to sensitive I.R.S. data that Musk’s…
Business
Musk Team Seeks Access to I.R.S. System With Taxpayers’ Records
The Internal Revenue Service is preparing to give a team member working with Elon Musk’s so-called Department of Government Efficiency…
Business
Elon Musk’s DOGE Team Seeks Access to I.R.S. System With Taxpayers’ Records
The Internal Revenue Service is preparing to give a team member working with Elon Musk’s so-called Department of Government Efficiency…
News
Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
Some people binge-watched shows during the Covid pandemic. Others picked up pickleball. But according to federal prosecutors, one Las…
Business
You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund
You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect.…
Politics
Senate Confirms Scott Bessent as Treasury Secretary
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new…
News
IRS Free Tax Filing System Will Include 13 More States
Taxpayers with income of $84,000 or less still have the option of using the separate Free File program, a partnership between the I.R.S.…
Business
If You’re Retired, or Not: 5 Changes That Will Affect Your Money in 2025
Amid the global turmoil of this young new year comes a flurry of welcome developments that will help many people — especially retirees and…
Politics
I.R.S. Commissioner to Quit as Trump Takes Office
Daniel Werfel, the commissioner of the Internal Revenue Service, told the agency’s employees that he would end his term early and step…
Business
Jeffrey Epstein’s Associates Could Reap Benefit of a Big Tax Refund
Jeffrey Epstein’s once vast estate — art, jewelry, lavish properties and investments — was meant to be drained by settlements to his many…