Internal Revenue Service (IRS)

A federal judge struck down an Internal Revenue Service rule that made it harder for wind and solar projects to qualify for federal tax credits, according to court documents, in a setback for the Trump administration’s efforts to curb renewable energy development. In a ruling issued Saturday...

Some taxpayers who are still waiting for their federal tax refunds could finally receive their money this month, even though the 2025 tax filing season ended weeks ago. The Internal Revenue Service generally issues refunds within about 21 days for electronically filed returns. Paper returns can...

Dogecoin's (CRYPTO: DOGE) official X account dropped a lighthearted question on Thursday on the places to spot a ‘DOGE ACCEPTED HERE’ sign, and the replies absolutely delivered. The ‘DOGE Pirate’ A user named Bond-WallE proposed the Strait of Hormuz as the location, with the...

Treasury Department General Counsel Brian Morrissey resigned Monday, just hours after the Trump administration announced a controversial $1.8 billion "anti-weaponization fund," according to a report from The New York Times. The report said Morrissey stepped down seven months after being confirmed...

President Donald Trump is expected to drop his $10 billion lawsuit against the Internal Revenue Service, according to an ABC News report citing sources familiar with the matter. The proposed arrangement could include the creation of a $1.7 billion compensation fund for allies who claim they were...

U.S. tax enforcement activity declined in fiscal year 2025 following staffing cuts at the Internal Revenue Service (IRS), according to government data obtained by Reuters through the Freedom of Information Act. Enforcement revenue fell 5%, a drop of nearly $5 billion. The agency also opened more...

IRS Chief Executive Frank Bisignano pushed back on reports of staffing shortfalls on Monday. In an interview with Fox Business Network’s Varney & Co., Bisignano said that the agency is delivering its strongest tax season on record despite a leaner workforce. “No staffing shortage...

With the April 15, 2026, tax deadline approaching, the Taxpayer Advocate Service (TAS) has warned that recent U.S. Postal Service (USPS) processing changes could create risks for taxpayers who mail returns or payments close to the deadline. The warning is based on federal tax rules under Internal...

Americans unable to pay their federal tax bill by April 15 won't face an immediate IRS crackdown, but penalties and interest start accumulating the moment the deadline passes, according to IRS guidelines. The IRS charges a failure-to-pay penalty starting at 0.5% of the unpaid balance per month,...

The Internal Revenue Service on Monday announced a significant expansion of its online Business Tax Account platform, extending digital self-service access to millions of additional entities that previously relied solely on paper and phone interactions. Partnerships, federal, state and local...

Average tax refunds in the United States are rising in the 2026 filing season, according to new data from the Internal Revenue Service (IRS). The agency reported that the average refunds reached $3,571 as of March 20. This is up $350, or 10.9%, from $3,221 at the same point last year. Total refund...

Kevin O’Leary, popularly known for his role in “Shark Tank”, has raised concerns about President Donald Trump‘s “One Big, Beautiful Bill” and its potential impact on small businesses. What Happened: O’Leary expressed his unease about a part of the bill ...

The Trump administration is drastically reducing the workforce at the Internal Revenue Service (IRS), a move that could potentially lead to a rise in tax evasion. What Happened: Initial cuts by the Department of Government Efficiency (DOGE), overseen by Elon Musk, have resulted in the...

The Internal Revenue Service (IRS) has agreed to share certain tax information of undocumented taxpayers with Immigration and Customs Enforcement (ICE). What Happened: The IRS's decision to share tax information with ICE was revealed in a document submitted against the court filing by the...

The Internal Revenue Service (IRS) is reportedly bracing for a substantial drop in revenue this spring amid payment evasion by individuals and businesses as well as huge staffing cuts. What Happened: Tax officials are forecasting a more than 10% dip in tax receipts by the April 15 deadline as...