IRS

An Internal Revenue Service advisory panel on Wednesday released a report recommending 18 reforms aimed at modernizing the U.S. tax system, including broader use of artificial intelligence, stronger fraud prevention and expanded digital taxpayer services. The Electronic Tax Administration Advisory...

The Trump administration is scrapping plans for a nearly $1.8 billion fund that would have compensated allies of President Donald Trump, Acting Attorney General Todd Blanche told lawmakers Tuesday, retreating from a program that drew fierce political backlash and threatened to stall key parts of...

President Donald Trump's nearly $1.8 billion fund to compensate people who claim they were victims of government "weaponization" has been put on hold after fierce opposition from Republicans in Congress, three sources familiar with the plan said Monday. Republicans Push Back On Trump Fund The rare...

A group of retired bipartisan judges is urging that the recently dismissed $10 billion lawsuit filed by President Donald Trump against the Internal Revenue Service (IRS) be reopened due to potential fraud allegations. The group, which includes retired judge J. Michael Luttig,...

Republicans are allegedly planning to hinder the establishment of the Justice Department’s $1.8 billion settlement fund, intended to provide compensation to those who allege to have been unfairly targeted by the government. Rep. Brian Fitzpatrick (R-Pa.) revealed to MeidasTouch reporter...

Vice President JD Vance suggested that Hunter Biden, son of former President Joe Biden, might be eligible to receive a payout from the Trump administration’s new $1.8 billion fund. Vance made this suggestion during the White House press briefing on Tuesday while defending the new...

Jamie Raskin, the ranking Democrat on the House Judiciary Committee, on Sunday sharply criticized the Trump administration's proposed $1.7 billion IRS settlement arrangement, calling the plan an unconstitutional "political slush fund" that bypasses congressional authority. Speaking on ABC News' "...

President Donald Trump is facing backlash from Democratic lawmakers over reports that his administration may settle his lawsuit against the IRS through a controversial $1.7 billion compensation. Democrats Accuse Trump Of Weaponizing Public Funds For Political Gain Sen. Ron Wyden (D-Ore.) condemned...

Sen. Elizabeth Warren (D-Mass.) said tax-prep companies are spending heavily to block her bill to revive the IRS's free Direct File program. "Tax prep companies are spending big to block my bill," Warren wrote. "Because I want to make filing your taxes directly with the IRS easy and free. We can...

Millions of Americans who are not legally required to file a federal tax return may still be leaving money on the table, the Internal Revenue Service warned in a tax tip published April 2. The agency said people who had federal income tax withheld from their pay, made estimated tax payments, or...

Days before the 2026 tax filing season opens, Internal Revenue Service chief executive officer Frank Bisignano announced a sweeping leadership shake-up Tuesday, saying the moves are meant to stabilize an agency facing deep staff cuts and complex new tax rules. New Leadership Team Targets Tax Season...

Americans are poised to receive the largest tax refunds in history, according to forecasts by the Secretary of the Treasury and acting IRS Commissioner Scott Bessent.  According to today’s report, Bessent anticipates households could see refunds increase by $1,000 to $2,000.  How...

Sen. Elizabeth Warren (D-Mass.) is warning that President Donald Trump's "attacks on the IRS" could spell trouble for millions of Americans heading into the next tax filing season, as Democrats question whether the agency can keep up after deep staffing and leadership shake-ups. Warren Says IRS...

Sen. Elizabeth Warren (D-Mass.) announced that her bipartisan IRS Math Act has officially been signed into law, aimed at simplifying tax filing and boosting transparency for American taxpayers. A ‘Math Mistake’ Shouldn’t Cost You A Fortune On Thursday, in a post on X,...

Sen. Elizabeth Warren (D-Mass.) on Tuesday blasted expected price hikes from tax-prep giants TurboTax and H&R Block, blaming Trump administration policies that killed the IRS's free Direct File system and layered on new Republican tax breaks that make filing more complicated for millions of...