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IRS
IRS Seeks Nominations for 2023 Advisory Council
UNITED STATES OF AMERICA — WASHINGTON, D.C. — The Internal Revenue Service announced this week that applications are now being accepted for the 2023 Internal Revenue Service Advisory Council. Through June 3, 2022, applications will be…
It Will Hold a Hearing on the IRS’s Underfunding and Operational Issues.
The Internal Revenue Service (IRS) reported in March that it has been chronically underfunded for more than a decade, with nearly 20% of its budget cut since 2010.
The agency noted a "historically low funding level," which has resulted in…
Amgen’s (AMGN) Q1 Earnings Surpassed Expectations, but Stock Drops Due to IRS Tax Dispute
Amgen AMGN reported earnings per share of $4.25 in the first quarter of 2022, beating the Zacks Consensus Estimate of $4.22. Earnings increased by 15% year on year, owing to higher revenues and a lower share count.
Total revenue of $6.24…
The IRS Has Increased the Contribution Limits for 401(K) Plans for 2022.
The 401(k) is something of a gold standard for American workers who want to save for retirement. Employees can choose to contribute a portion of their salary to an employer-sponsored retirement account through a 401(k) plan, and employers…
Avondale Woman Claims IRS Hasn’t Corrected $29,000 Tax Bill From 2019
CINCINNATI, OHIO — According to the IRS website, the agency currently has more than ten million unprocessed individual tax returns dating all the way back to 2021. It typically has less than a million unfiled returns heading into tax…
According to Amgen, the IRS Is Seeking an Additional $5.1 Billion in Back Taxes.
Amgen Inc said Wednesday that the United States Internal Revenue Service (IRS) is pursuing additional back taxes totaling $5.1 billion, plus interest and penalties, related to the drugmaker's 2013 to 2015 profit accounting between the…
A Michigan Real Estate Developer Has Been Accused of Failing to Report Employees’ Withheld…
EAST LANSING, Mich. A Michigan real estate developer pleaded guilty to tax evasion following allegations that he withheld employee taxes but did not pay them to the IRS.
Scott Chappelle, 61, of Okemos and East Lansing, was a former…
Amgen Reports That the IRS Is Pursuing Billions of Dollars in Back Taxes, Causing Its Stock to Fall…
Amgen Inc (AMGN.O) said Wednesday that the US Internal Revenue Service (IRS) is seeking an additional $5.1 billion in back taxes, plus interest and penalties, related to the drugmaker's 2013 to 2015 profit accounting between the United…
The IRS May Be Able to Assist Seniors With the Return to Snail Mail | Letters
As early as the 1960s, it was recognized that low-wage earners should be able to file their federal income tax returns in a simpler manner. The "short form" return was established, and it was sent out annually via US Mail with instructions.…
The IRS Has Refunded Over 78 Million Taxpayers. This Is How to Determine the Status of Yours.
If you filed a last-minute tax return, you could get your 2021 refund sooner than you think.
According to the IRS, nine out of ten refunds have arrived within 21 days this season. According to the agency, as of April 15, it had issued more…