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Internal Revenue Service

News about the Internal Revenue Service. Commentary and archival information about the Internal Revenue Service from The New York Times.

Copyright: Copyright 2018 The New York Times Company

When Trading in Bitcoin, Keep the Tax Man in Mind

Thu, 18 Jan 2018 21:44:46 GMT

The virtual currency has enjoyed a spectacular rise in value, but there are important tax implications. Here’s a guide.

I.R.S. Paid $20 Million to Collect $6.7 Million in Tax Debts

Wed, 10 Jan 2018 15:15:26 GMT

An agency watchdog says a congressionally mandated program using private debt collectors has been poorly administered and failed to respect taxpayers’ rights.

A Swiss Banker Helped Americans Dodge Taxes. Was It a Crime?

Sat, 06 Jan 2018 11:00:45 GMT

Stefan Buck created bank accounts for dozens of Americans hiding money from tax collectors. The U.S. tried to hold him personally accountable.

Taxes as Charity? New Jersey Towns Try to Elude G.O.P. Tax Law

Fri, 05 Jan 2018 23:28:29 GMT

Three mayors said they would create charitable trusts as a workaround for residents hurt by the measure’s cap on state and local tax deductions.

Don’t Cheer as the I.R.S. Grows Weaker

Sat, 30 Dec 2017 01:58:29 GMT

A complex new tax code is enacted as its enforcement agency, with a decimated staff and a shrinking budget, struggles to do its job.

Last-Minute Rush to Prepay Taxes Gives Way to Confusion and Anger

Fri, 29 Dec 2017 00:48:10 GMT

The I.R.S. called into question a strategy of prepaying property taxes before the new tax law goes into effect. That could be just the beginning of the confusion.

Prepaying Property Taxes? Your Bank May Make You an Audit Risk

Fri, 29 Dec 2017 00:26:01 GMT

For some taxpayers making a last-minute prepayment of property tax, their bank’s filing with the I.R.S. may not match their tax return.

Prepaying Your Property Tax? I.R.S. Cautions It Might Not Pay Off

Thu, 28 Dec 2017 01:46:48 GMT

Homeowners have raced to prepay property taxes before the new tax law takes effect. But in new guidance, the I.R.S. said the strategy wouldn’t work in many cases.

In a Complex Tax Bill, Let the Hunt for Loopholes Begin

Wed, 27 Dec 2017 23:00:16 GMT

A 2004 change by Congress, meant to foster domestic manufacturing, may provide a cautionary tale: You can mine a lot of tax breaks from just one word.

The Rushed Passage of a Tax Bill

Wed, 20 Dec 2017 19:20:33 GMT

Readers recall Hillary Clinton’s prediction on tax cuts and discuss the unpopularity of the bill and the G.O.P.’s willingness to pass it nonetheless.