However, the IRS is reminding retirees who take their first distribution April 1 that they must also take their second RMD ...

Time is ticking! Here's everything you need to know about the approaching RMD deadlines for IRAs, 401(k)s and workplace retirement plans.

The IRS is currently sitting on about $92.3 million, ready to be dispersed among 116,300 state taxpayers who have yet to file their returns for that tax year, the agency said in a news release ...

There was just one problem: The IRS didn’t have enough desks to seat them all. And so, many customer service workers learned Sunday that they would not have to return to the office on Monday ...

The average tax refund remains up year-over-year for 2025, according to the most recent numbers released by the Internal Revenue Service. Tax data for the week ending on Feb. 28, shows the average ...

must annually report information about each covered individual to the IRS and provide Forms 1095-B and 1095-C (documents showing proof of MEC). The Paperwork Burden Reduction Act permits employers ...

The news also comes as the IRS plans to institute massive cuts to its workforce. The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

The Trump administration and Department of Government Efficiency are proposing downsizing the IRS that would result in a nearly 20% reduction of its workforce by May 15 — one month after Tax Day ...

(The Center Square) – U.S. Rep. Beth Van Duyne, R-Texas, criticized the IRS for failing to protect taxpayer information, pointing to reports of sensitive data breaches involving as many as 5,000 ...