The IRS has issued an “extra caution” warning about multiple scams involving tax refunds and pandemic-related payment schemes that are seeking to defraud taxpayers and illegally obtain sensitive information. “The Internal Revenue Service warned taxpayers today to be on the lookout for a summer surge of tax scams as identity thieves continue pounding out a…
‘Summer Scams’ Warning From IRS, Surge in Identity Thefts Enticing Taxpayers to Click Malicious Links
July 23, 2023
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Crime & Public Safetyfinancial scamsIRS - U.S. Internal Revenue ServiceSMS scamsSocial IssuesUSUS News
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‘Delinquent Millionaires’: IRS Announces Targeting of High-Income Americans for Tax Evasion
The IRS announced it was planning on pursuing “high-income individuals evading taxes” and claims to have made millions in recoveries at a time when the agency is increasingly facing heat for targeting a higher percentage of lower-income Americans as part of its tax audits. “The IRS is working to ensure [that] high-income filers pay the…
‘Amid Continued Threats’ IRS Warns Against Identity Theft of American Taxpayers
July 12, 2023
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Crime & Public SafetyIdentity TheftIRS - U.S. Internal Revenue ServicePhishing ScamPoliticsUSUS News
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The IRS has kicked off a summer campaign to prepare tax professionals, and more broadly, the nation’s tax community, against potential identity theft attempts of clients and their own establishments. On Tuesday, the Internal Revenue Service (IRS) announced the start of its “Protect Your Clients: Protect Yourself” campaign aimed at “ensuring tax professionals stay alert…
Debt Deal: Billions of Dollars to Be Reduced in IRS Funding
June 1, 2023
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Business & MarketsDebt DealeconomyIRS - U.S. Internal Revenue ServicePolicies & ImpactsPoliticsUSUS News
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The bipartisan deal to raise America’s debt ceiling involves cutting billions in funding set aside for the Internal Revenue Service (IRS), including cuts from the $80 billion allocated under the Inflation Reduction Act (IRA). In total, the debt-ceiling deal involves shaving off almost $21.4 billion from the IRS budget. Out of the roughly $21.4 billion,…
Supreme Court Rules IRS Can Secretly Grab Bank Records of Outside Parties
The Supreme Court has ruled unanimously in a delinquent taxpayer case that it is lawful for the IRS to secretly summons the bank records of third parties. In other words, the nation’s highest court recognized that the Internal Revenue Service is not required to notify third parties who are not under investigation when seeking a…
IRS Whistleblower Removed From Hunter Biden Criminal Investigation, at Request of DOJ, Attorneys Say
May 15, 2023
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DemocratsHunter BidenHunter Biden investigationIRS - U.S. Internal Revenue ServiceIRS WhistleblowerPoliticsUSUS Newswhistleblower
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The Internal Revenue Service (IRS) removed a whistleblower and his team from a criminal investigation into Hunter Biden’s taxes and business dealings, at the request of the Department of Justice, according to the whistleblower’s attorneys. “Today the [IRS] Criminal Supervisory Special Agent we represent was informed that he and his entire investigative team are being…
IRS Criminal Agent Comes Forward as Whistleblower in Hunter Biden Case
An Internal Revenue Service (IRS) criminal supervisory agent is seeking whistleblower status, saying they have information that the Biden administration mishandled the investigation into first son Hunter Biden’s business dealings. In an April 19 letter, attorney Mark D. Lytle of the Washington, D.C.-based law firm Nixon Peabody LLP addressed members of the House of Representatives…
IRS Agent Comes Forward as Whistleblower in Hunter Biden Case
An Internal Revenue Service (IRS) criminal supervisory agent is seeking whistleblower status, saying they have information that the Biden administration mishandled the investigation into first son Hunter Biden’s business dealings. In an April 19 letter, attorney Mark D. Lytle of the Washington, D.C.-based law firm Nixon Peabody LLP addressed members of the House of Representatives…
IRS Pays $23 Billion Less in Tax Refunds for 2023 Filing Season, Worrying Americans
The Internal Revenue Service (IRS) is paying $23 billion less in tax refunds for the 2023 filing season—with the average refund amount found to be lower by nearly $300. The IRS has issued over 69 million refunds collectively worth $198.868 billion for the week ending April 7, 2023, according to the agency’s filing statistics. Compared…
Republicans Decry Biden Tax Policies, Call for Changes to Be Made
House Republicans used Tax Day as an occasion to lambast President Joe Biden’s administration’s tax policies and budget proposal—and highlight bills aimed at tax reform. “This year, tax day has taken on a whole new meaning for working families because of the threat they’re facing from President Biden’s supercharged IRS and all of his proposed…
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