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IRS urges taxpayers to prepare to file ... and to wait

by Amanda Peacher
Jan 13, 2022
In a statement Monday, the agency warned that it is still addressing a backlog of taxpayer inquiries from the past year.
Anticipating a high volume of calls and the ensuing backlog, the IRS is urging people to prepare as much as possible this tax season.
Justin Sullivan/Getty Images
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IRS tells payment apps to report business transactions over $600

by Kristin Schwab
Jan 7, 2022
The threshold used to be much higher.
As the number of self-employed workers expands, the IRS is requiring online payment platforms like PayPal to report transactions greater than $600. The threshold used to be $20,000.
Eric Piermont/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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What's the best way to get tax cheaters to pay up?

by Amanda Peacher
Oct 20, 2021
Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Democrats are scaling back their proposal to expand IRS crackdowns in an effort to target wealthier tax evaders.
Chip Somodevilla via Getty Images
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Confused by IRS letters saying you made a mistake? You're not alone.

by Nancy Marshall-Genzer
Oct 12, 2021
Some people think followup letters informing them of their right to appeal are a scam. They aren't.
Chip Somodevilla/Getty Images
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Some undocumented immigrants aren't getting their child tax credit payments

by Kai Ryssdal and Anais Amin
Sep 29, 2021
The people who most need the aid “have to jump the most hurdles to get it,” says Chabeli Carrazana, economy reporter at the 19th.
The overworked IRS is grappling with the disbursement of child tax credit payments, reporter Chabeli Carrazana says.
Jim Watson/AFP via Getty Images
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Glitches mark launch of child tax credit payments

by Amanda Peacher
Jul 26, 2021
Trying to opt out is a pain, some parents say.
The overworked IRS is grappling with the disbursement of child tax credit payments, reporter Chabeli Carrazana says.
Jim Watson/AFP via Getty Images
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Your tax refund may take a bit longer this year

by Nancy Marshall-Genzer
May 17, 2021
Taxes got extra complicated in 2020, and the IRS has a backlog of 30 million returns that need a manual review.
Chip Somodevilla/Getty Images
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IRS says $1.3 billion in tax refunds is unclaimed — from 2017

by Samantha Fields
Apr 12, 2021
People have until May 17 to file their 2017 taxes and request their refunds.
More than 1 million people a year fail to claim the refunds they are owed, according to a tax expert.
masterSergeant via Getty Images
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Some will get refunds on taxes they paid on unemployment benefits ... eventually

by Nancy Marshall-Genzer
Apr 2, 2021
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
It's a messy year for the IRS, taxpayers and tax preparers.
Saul Loeb/AFP via Getty Images
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