The IRS has consistently answered 85 to 90 percent of phone calls from taxpayers during the current tax preparation period, up from 13 percent a year ago Treasury Secretary Janet Yellen said on March 16. The improvement is due in part to the hiring of more than 4,000 new customer service workers, funded through the…
IRS Call Return Rate Rises Above 80 Percent with 4,000 New Employees: Yellen
LIVE NOW: NTD News Today (March 13): Biden: US Banking System is Safe; Federal Government Limits Oil Drilling in 16M Alaskan Acres
President Biden said the U.S. banking system is safe at a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden administration…
NTD News Today (March 13): Biden: US Banking System is Safe; Federal Government Limits Oil Drilling in 16M Alaskan Acres
President Biden said the U.S. banking system is safe at a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden administration…
IRS Notice Reveals How Taxpayers Can Avoid or Reduce Penalties
A recent reminder from the Internal Revenue Service (IRS) for taxpayers to submit their tax returns, plus any owed payments, by the April 18 deadline, also included several strategies that people struggling to pay by the deadline can use to avoid or reduce penalties. In a news release issued Thursday, the IRS reminded people about the…
Over 42,000 Federal Employees Cheating on Taxes: Inspector General
Tens of thousands of federal employees have failed to file a tax return for multiple years, an inspector general reported this week. An analysis of data from fiscal year 2016 through fiscal year 2020 found more than 42,000 federal workers have “repeatedly failed to file a tax return for multiple years,” the Treasury Inspector General for Tax…
Senate Confirms Biden’s Pick for IRS Commissioner
March 9, 2023
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The U.S. Senate on March 9 voted to confirm President Joe Biden’s nominee for commissioner of the Internal Revenue Service (IRS). Daniel “Danny” Werfel, confirmed in a 54-42 vote, managed to garner the support of several Senate Republicans and nearly all the chamber’s Democrats, save Sen. Joe Manchin (D-W.Va.). “Mr. Werfel told the Finance Committee…
White House Committing to Raising Taxes in Biden’s Forthcoming Budget: Press Secretary
The Biden administration is committed to raising taxes for wealthy Americans as President Joe Biden is slated to propose his budget on March 9, according to White House press secretary Karine Jean-Pierre. Speaking to reporters March 8, Jean-Pierre said that Biden’s budget is aimed at cutting the federal deficit by $3 trillion over the next…
Manchin Opposes Biden’s Pick to Head IRS
Sen. Joe Manchin (D-W.Va.), a key Democratic vote in the evenly divided Senate, announced on Monday that he would oppose the nomination of Daniel Werfel, President Joe Biden’s choice to head the Internal Revenue Service (IRS). Manchin’s opposition to Werfel’s nomination came as a surprise to many in Washington, as the confirmation vote is expected…
IRS Notice Urges Taxpayers Not to Fall for This Scheme: ‘Think Twice’
The Internal Revenue Service (IRS) issued a “renewed warning” on Tuesday, calling on people to be aware of employee retention credit guidelines amid widespread promotions that push “ineligible people to file” for the credit. “While this is a legitimate credit that has provided a financial lifeline to millions of businesses, there continue to be promoters…
LIVE 10:30 AM ET: Weaponization of Government a Key Focus for 2024; Biden Gets Democrat Challenger
March 6, 2023
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The alleged weaponization of government is becoming a key campaign position for Republicans heading into the 2024 elections. This includes topics on the politicization of various branches of government, including the FBI, the IRS, and others. Meanwhile, President Joe Biden could face challengers for the 2024 presidential race. This is despite the fact that he…
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