The IRS warned taxpayers on Tuesday that it will restart collection notices next year, ending a lengthy grace period the agency began in 2022 because of the coronavirus pandemic.
The crisis days of the pandemic were easing in 2021, but plenty of people still rushed to collect unemployment, including more than 300 people the IRS says made at least $10 million in income that year.
The Treasury Department on Monday announced a new strike force to help combat illicit fentanyl trafficking as the U.S. and China step up efforts to stop the movement of the powerful opioid and drug-making materials into the U.S.
The IRS gave gig workers a reprieve Tuesday, announcing they won't have to worry about meeting tough new rules requiring them to file paperwork on low-dollar payments collected on apps like Venmo and PayPal when they file their 2023 taxes.
Taxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally planned under a new timetable for paperless taxpayer communications announced Tuesday by Treasury Secretary Janet Yellen.