Showing 13 to 20 of 20 results
IRS Cuts Thousands of Workers Amidst Tax Season
The IRS is cutting thousands of probationary workers as tax season begins, following a Trump administration order. This could significantly impact the agency's ability to process the expected 140 million tax returns, despite recent improvements and increased funding.
IRS Cuts Thousands of Workers Amidst Tax Season
The IRS is cutting thousands of probationary workers as tax season begins, following a Trump administration order. This could significantly impact the agency's ability to process the expected 140 million tax returns, despite recent improvements and increased funding.
Progress
48% Bias Score
IRS Faces 14% Drop in Tax Returns Amidst Staffing Changes
The 2025 tax filing season started with a 14% decrease in returns compared to 2024, attributed to IRS leadership changes, a hiring freeze, and an early departure program for employees, causing taxpayer confusion and a 34.8% drop in IRS website visits; however, average tax refunds increased by 23.5%.
IRS Faces 14% Drop in Tax Returns Amidst Staffing Changes
The 2025 tax filing season started with a 14% decrease in returns compared to 2024, attributed to IRS leadership changes, a hiring freeze, and an early departure program for employees, causing taxpayer confusion and a 34.8% drop in IRS website visits; however, average tax refunds increased by 23.5%.
Progress
32% Bias Score
Accurate Tax Forms Prevent IRS Audits and Delays
To avoid IRS audits and ensure timely tax refunds, taxpayers must match income reported on forms like W-2s and 1099s with IRS records. Many forms arrive in January, but some may be delayed until February or March, necessitating proactive organization.
Accurate Tax Forms Prevent IRS Audits and Delays
To avoid IRS audits and ensure timely tax refunds, taxpayers must match income reported on forms like W-2s and 1099s with IRS records. Many forms arrive in January, but some may be delayed until February or March, necessitating proactive organization.
Progress
36% Bias Score
2024 Tax Season: Key Changes and Deadlines
The IRS started accepting 2024 tax returns on January 27th, with an April 15th deadline; key changes include expanded free filing options, updated tax brackets, and a modified threshold for reporting digital payments exceeding $5,000.
2024 Tax Season: Key Changes and Deadlines
The IRS started accepting 2024 tax returns on January 27th, with an April 15th deadline; key changes include expanded free filing options, updated tax brackets, and a modified threshold for reporting digital payments exceeding $5,000.
Progress
36% Bias Score
IRS to Lay Off Thousands Amidst Trump Administration's Workforce Reduction Efforts
The IRS plans to lay off thousands of probationary workers starting next week amid the Trump administration's efforts to shrink the federal workforce, potentially affecting the processing of over 140 million tax returns expected by April 15th, and facing legal challenges from 14 states against Elon ...
IRS to Lay Off Thousands Amidst Trump Administration's Workforce Reduction Efforts
The IRS plans to lay off thousands of probationary workers starting next week amid the Trump administration's efforts to shrink the federal workforce, potentially affecting the processing of over 140 million tax returns expected by April 15th, and facing legal challenges from 14 states against Elon ...
Progress
60% Bias Score
IRS Exempts Critical Employees from Resignation Program Amidst Staffing Concerns
On January 27, 2025, the Office of Personnel Management offered over two million federal workers the option to resign but remain on payroll until September 30, 2025; however, the IRS later exempted critical tax season employees from this program, creating potential staffing issues during tax filing ...
IRS Exempts Critical Employees from Resignation Program Amidst Staffing Concerns
On January 27, 2025, the Office of Personnel Management offered over two million federal workers the option to resign but remain on payroll until September 30, 2025; however, the IRS later exempted critical tax season employees from this program, creating potential staffing issues during tax filing ...
Progress
48% Bias Score
2024 Tax Season: High-Yield Income and Filing Implications
The IRS opened the 2024 tax season, with the April 15 deadline approaching; high-yield savings account income is taxable as ordinary income, while investors in partnerships await Schedule K-1 forms for tax reporting.
2024 Tax Season: High-Yield Income and Filing Implications
The IRS opened the 2024 tax season, with the April 15 deadline approaching; high-yield savings account income is taxable as ordinary income, while investors in partnerships await Schedule K-1 forms for tax reporting.
Progress
40% Bias Score
2025 Crypto Tax Season: Forms, Reporting, and Future Changes
The 2025 tax season for cryptocurrency begins January 27th, requiring reporting of income via Form 1099-MISC (staking rewards over $600) and Form 1099-B/1099-DA (crypto trades), with many platforms providing only transaction history reports, necessitating specialized crypto tax software for accurate...
2025 Crypto Tax Season: Forms, Reporting, and Future Changes
The 2025 tax season for cryptocurrency begins January 27th, requiring reporting of income via Form 1099-MISC (staking rewards over $600) and Form 1099-B/1099-DA (crypto trades), with many platforms providing only transaction history reports, necessitating specialized crypto tax software for accurate...
Progress
36% Bias Score
Showing 13 to 20 of 20 results