Economy

Executives at Renaissance Technologies agree to $7bn tax settlement

Top executives at hedge fund Renaissance Technologies are reportedly set to pay back around $7bn in taxes in what is…

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Interest rates remain the same in Q4

The Internal Revenue Service (IRS) has announced that interest rates will remain the same for the fourth quarter of the…

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Security Summit warns of ‘tell-tale’ identity theft signs 

The IRS’ Security Summit partners have urged tax professionals to learn the warning signs of data theft so they can…

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IRS provides relief for WOTC employers

The Internal Revenue Service (IRS) has announced it is providing transition relief to certain employers claiming the Work Opportunity Tax…

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IRS prepares 1.5 million more refunds for taxpayers

The Internal Revenue Service (IRS) is preparing a further 1.5 million refunds for taxpayers averaging more than $1,600 as it…

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Over 2.2 million Economic Impact Payments disbursed to taxpayers

The Internal Revenue Service (IRS), U.S. Department of the Treasury, and the Bureau of the Fiscal Service have disbursed more…

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Security Summit partners call for multi-factor authentication

Security Summit partners amongst the Internal Revenue Service (IRS), state tax agencies and the tax industry are urging tax professionals…

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IRS launches new feature to ‘give digital control’ back to taxpayers

The Internal Revenue Service (IRS) has launched a new feature that aims to give taxpayers digital control over who can…

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IRS releases initial child tax credit payments

The Internal Revenue Service (IRS) and US Treasury Department have announced the commencement of millions of monthly child tax credit…

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IRS to begin data security awareness campaign

The Internal Revenue Service (IRS), alongside the state tax agencies and the tax industry, has announced that the annual campaign…

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