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Internal Revenue Service

The IRS delays a tax-reporting rule for peer-to-peer apps. Freelancers are relieved.

by Savannah Maher
Jan 17, 2023
Peer-to-peer apps have become a lifeline for small businesses. But many formerly under-the-table cash transactions now leave a digital trail. 
Small businesses that use peer-to-peer payment services like Cash App or Venmo and take in more than $600 will receive a 1099 form starting next year.
Anna Webber/Getty Images for Afterpay
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The IRS aims to improve customer service by hiring 5,000 additional workers

by Mitchell Hartman
Sep 15, 2022
The agency's budget has been shrinking, its workforce is aging, and it's been saddled with new responsibilities.
Treasury Secretary Janet Yellen tours a new technology workspace at the Internal Revenue Service on Sep. 15. The agency is receiving $80 billion to upgrade technology and hire more staff.
Saul Loeb/AFP via Getty Images
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Millions of college students are eligible for tax credits. But they have to file for them.

by Stephanie Hughes
Apr 14, 2022
Students may be entitled to additional money if they're not claimed as dependents.
Students at the University of California, Berkeley. College students may be entitled to tax benefits and pandemic relief payments.
Justin Sullivan/Getty Images
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Tax deadline fast approaching: Is the IRS ready?

by Marielle Segarra
Mar 25, 2022
It's still working through backlogs from previous couple of years.
Some people still haven’t gotten their 2020 tax refunds.
Stefani Reynolds/AFP via Getty Images
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IRS updates tax brackets in response to inflation

by Amanda Peacher
Nov 11, 2021
The IRS adjusted more than 60 tax provisions, including rate schedules, to take rising prices into account.
Following the news of decades-high inflation in the U.S. economy, the IRS released new rates for the standard deduction and tax brackets.
Chip Somodevilla via Getty Images
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Study looks at where the IRS audits more and less

by Kai Ryssdal
Apr 15, 2019
“It is, in a way, a map of poverty in this country,” ProPublica reporter Paul Kiel says.
Scott Olson/Getty Images
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The IRS is using Instagram to try to humanize the agency

by Barbara Platts
Apr 1, 2019
The Internal Revenue Service is getting creative.
One of the 12 monsters the IRS posted as part of the #IRSdirtydozen campaign, aimed at teaching taxpayers the most common tax scams they may encounter. 
Courtesy of IRS
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IRS releases final rules on deductions for "pass-through" businesses

by Marielle Segarra
Jan 18, 2019
You won't find a lot of simple yes-and-no answers in the 247-page document.
Win McNamee/Getty Images
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Government shutdown 2019

The business that's not happening, thanks to the shutdown

by Nancy Marshall-Genzer , Renata Sago , Marielle Segarra , Andy Uhler and Tracey Samuelson
Jan 9, 2019
From mergers and food regulation to taxes and immigration, daily commerce is in limbo.
Andrew Caballero-Reynolds/AFP/Getty Images
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The IRS brings in private debt collectors

by Justin Ho
Apr 18, 2017
It’s our duty to inform you that today is tax day. If you have some outstanding debt owed to the Internal Reserve Service, you might have a new kind of debt collector coming after you this year. The IRS is bringing on four private debt-collection agencies to go after certain older tax debts: CBE, ConServe, […]
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