IRS

Tax-filing day is almost here, and taxpayers know they’re unlikely to be audited. The IRS doesn’t have enough employees or resources to come after all the cheats. Click the audio player above to hear the full story. 

New polling shows that public sentiment is growing more favorable toward the recent tax law. Maybe chalk that up to the little extra money many people are seeing in their paychecks as a result of new tax brackets. But in Washington, D.C., there’s still a fight going on about the new tax code — specifically, […]

The Internal Revenue Service is trying to help tax filers prepare for next year. In the light of the recent tax overhaul, it’s launching its new withholding calculator that will help people check if they are having too much or too little held back from their paychecks for taxes.  Click the audio player above for […]

As more people invest in cryptocurrency, will they report gains or losses to the IRS? One tax preparer says only a fraction of tax filers have reported cryptocurrency investments so far. How much money could the IRS be missing out on? And what should cryptocurrency traders be aware of when it comes to possible tax […]

During the next few weeks we’ll be hearing from some of the world’s largest companies about big, one-time write-downs against their financial results. Many are expected to warn that their profits will be hurt by the huge bills they have to pay to the IRS. It’s part of the new tax law. But those write-downs […]

Budget cuts have put a squeeze on the agency as a major tax overhaul looms