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Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.
November 16 -
The Government Accountability Office called for Congress to pass blockchain regulation legislation to shore up the federal regulatory apparatus.
July 25 -
The service's alternative dispute resolution programs can be faster and cheaper than the usual appeals process, but their use fell by two-thirds over the past decade.
May 31 -
A GAO report has several suggestions for decreasing the difference between taxes owned and taxes paid.
February 27 -
The Internal Revenue Service recently suspended a half dozen of its modernization programs, including two deemed essential to its plans for replacing its aging systems.
February 7 -
The Internal Revenue Service could be doing more to detect and deter promoters of abusive tax schemes, according to a new report.
January 17 -
The average effective tax rate of profitable large corporations fell from 16% in 2014 to 9% in 2018 after passage of the Tax Cuts and Jobs Act of 2017.
January 13 -
A combination of direct government funding and tax breaks for nonprofit news organizations could help support public interest journalism.
January 5 -
The agency plans to return to pre-pandemic levels of service next filing season.
December 16 -
The Government Accountability Office wants the agency to use the extra $80 billion it's getting from Congress to improve compliance.
November 28