IRS

The Internal Revenue Service is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.

Source: irs.gov

60,000 Stimulus Checks Sent To The Dead Returned Voluntarily
60,000 Stimulus Checks Sent To The Dead Returned Voluntarily
May 27, 2021  |  Coronavirus

Nearly 60,000 stimulus payments made to dead people have been returned so far, according to a new report from the Treasury Inspector General. The report says...

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IRS Tightens Oversight Of Crypto Trades And Taxes
IRS Tightens Oversight Of Crypto Trades And Taxes
May 20, 2021  |  Regulation

Whether crypto swoons or crypto booms, the Internal Revenue Service is going to keep better track of the ups, downs, gains and losses at least...

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Bitcoin Daily: DOJ, IRS Investigate Binance Crypto Exchange; Crypto Theft Falls, DeFi Fraud Spikes
Bitcoin Daily: DOJ, IRS Investigate Binance Crypto Exchange; Crypto Theft Falls, DeFi Fraud Spikes
May 13, 2021  |  Bitcoin

Cryptocurrency exchange Binance Holdings is now under investigation by the Department of Justice (DOJ) and the IRS as they try to make some order out...

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Bitcoin Daily: Brex Customers Can Redeem Rewards For Crypto; IRS Can Seize Crypto Holdings To Cover Unpaid Taxes
Bitcoin Daily: Brex Customers Can Redeem Rewards For Crypto; IRS Can Seize Crypto Holdings To...
May 12, 2021  |  Bitcoin

Brex, which provides financial services to businesses, now lets its customers redeem their Brex reward points for Bitcoin and Ethereum, according to a press release....

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IRS Seeks Ways To Access Digital Currency Wallets Under Criminal Investigation
IRS Seeks Ways To Access Digital Currency Wallets Under Criminal Investigation
April 30, 2021  |  Taxes

U.S. tax authorities want assistance with accessing digital currency hardware wallets, Vice reported Thursday (April 29), citing a document published on the agency website in...

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Treasury: Stimulus Checks For Social Security Recipients To Go Out This Weekend
Treasury: Stimulus Checks For Social Security Recipients To Go Out This Weekend
March 30, 2021  |  Economy

The IRS and the U.S. Department of the Treasury said stimulus payments will begin to be issued this weekend (April 3 and 4) for those...

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US Gov’t Disburses Another 37 Million Stimulus Payments Totaling $83 Billion
US Gov’t Disburses Another 37 Million Stimulus Payments Totaling $83 Billion
March 25, 2021  |  Coronavirus

There will be around 37 million more stimulus payments going out this week from U.S. Department of the Treasury, the Internal Revenue Service, and the...

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Tax Refunds Could Be Delayed Amid IRS Backlog Of Unprocessed Returns
Tax Refunds Could Be Delayed Amid IRS Backlog Of Unprocessed Returns
March 24, 2021  |  Taxes

The IRS has been swamped with a backlog of unprocessed tax returns amid the pandemic that could delay tax refunds, according to a report from...

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TurboTax, H&R Block Still Struggling With Stimulus Check Deposit Errors
TurboTax, H&R Block Still Struggling With Stimulus Check Deposit Errors
March 18, 2021  |  Economy

TurboTax and other tax prep companies, despite working with the U.S. government, don’t have the answers on why some people don’t have their $1,400 stimulus...

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