Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to spur direct deposit.

Judy Birt has been stressed for months after learning her parents’ trusts owed the Internal Revenue Service nearly $500,000.

The IRS on Wednesday issued final regulations ( T.D. 10034) that remove the associated property rule and similar rules from regulations under Sec. 263A (f) regarding interest capitalization ...

Two major pillars of the federal government — the Social Security Administration and the Internal Revenue Service — will soon stop issuing paper checks to the country’s 75 million Social Security ...

When it comes to taking tax advice, you might want to ignore what you see on social media, the Internal Revenue Service warns, since much of the so-called advice from “tax experts” is a scam that can ...

(NEXSTAR) – The self-described tax experts of TikTok and other social media sites have cost Americans $162 million in penalties since 2022, the IRS said in a news release Monday. Advice on the most ...

According to the agency, thousands of taxpayers have filed inaccurate returns after following misleading posts and bad actors posing as tax experts online. The problem prompted more than $162 million ...

Social media can be costly for taxpayers who turn to it for advice on filing returns, the IRS reiterated Monday. Since 2022, the IRS has seen a surge in questionable refund claims, singling out the ...