Avoid IRS penalties & late fees: Late filings can lead to hefty IRS penalties and interest charges. Pre-filing ensures timely filing so you can drive worry-free into the new tax year and allows ...

As of the week ending April 25, the average refund rose 3.3% year-over-year—from $2,852 in 2023 to $2,945 in 2024. However, the total amount refunded to taxpayers increased at a slower pace of 2 ...

The uncertainty regarding the bureau's leadership comes as the IRS is facing significant staff cuts. Business Insider previously reported that the staffing cuts are intended "to increase the ...

IRS data shared with FOX Business last week showed the total number of returns processed was up 1.5%, while total tax receipts are up 5% from last year. "We are making Treasury efficient again.

Faulkender will be the fifth person to lead the IRS this year. Shapley took over for Melanie Krause, who departed from the job after the agency agreed to share tax information with federal ...

Billy Long to be the next IRS ... business before the IRS. A committee associated with Long’s unsuccessful 2022 bid for the Senate raised nearly $137,000 in the first three months of this year ...

Michael Faulkender, who was confirmed as deputy Treasury secretary at the end of March, will serve as acting IRS commissioner — the fourth since President Donald Trump took office Jan. 20. Treasury ...

Natasha Sarin, the president and cofounder of the Budget Lab at Yale, told Business Insider that ... in forgone revenue over a 10-year window. But if the lack of IRS resources substantially ...

But a year later, Werfel left the tax ... Commissioner O’Donnell had worked in the IRS for nearly 40 years. Serving mainly in the Large Business and International (LB&I) Division, O’Donnell ...

resilient operations across business units and disciplined financial management. Net income attributable to the parent company, excluding one-time gains in 2024, increased by four percent year-on ...

President Donald Trump is replacing the fourth IRS chief this year amid complaints by Treasury ... scope of the reduction in force plans, which give employees 60-days notice before they are ...