Lawmakers are urging the IRS to go after 1.4 million 'wealthy 'tax cheats' who haven’t filed federal tax returns. Since receiving funding from the Inflation Reduction Act, the IRS has ramped up tax enforcement for millionaires, but data show the agency has yet to crack down on a separate set of wealthy non-filers. Lawmakers, including U.S. Senate Finance Committee Chair Ron Wyden (D-Ore.) want the agency to increase compliance efforts for high-income earners who aren't paying taxes.“I urge the I
In response to the severe damage caused by Hurricane Idalia, the IRS has extended tax deadlines for affected Floridians. Following the destruction many faced in Florida from Hurricane Idalia, the IRS announced a tax deadline extension for individuals and businesses directly impacted by the disaster. The IRS deadline for individuals in Florida with a valid extension to file their 2022 federal tax returns has been extended from Oct. 16, 2023, to Feb. 15, 2024.Hurricane Idalia made landfall near Ke
Washington, D.C. (KINY) - As part of an expanding effort to reach underserved communities, the Internal Revenue Service has announced a special event in Juneau, Alaska, to help local taxpayers.