Taxes

During the pandemic, taxpayers saw photos from the IRS cafeteria in Austin, Texas, showing racks and racks of paper filling a room not generally used for storage. It was a glimpse of the tens of millions of pieces of paper that require manual processing at the IRS. But, IRS Commissioner Danny Werfel said, “It’s time

By any measure, Taylor Swift’s Eras Tour is a success. It’s on tap to become the highest-grossing tour of all time, and a record number of fans—myself included on behalf of my daughters—logged on to Ticketmaster to buy tickets for the tour, resulting in the most tickets ever sold for an artist in one day.

IRS Commissioner Danny Werfel recently appeared at the National Association of Tax Professionals’ annual Taxposium conference via a recorded message. He wanted to thank the audience members for their “service to the nation” and their role in helping make the U.S. tax system work. He then spoke about the IRS Strategic Operating Plan and how

In June of 2023, Hunter Biden, the son of President Joe Biden, was charged with tax and gun charges as part of a plea deal. This week, new information about the related plea agreement, including documentation, was made available. (You can read my prior coverage here.) Charges Biden had initially agreed to plead guilty to

For months, the IRS has warned taxpayers that the Employee Retention Credit—or ERC—has become a magnet for fraud. Last week, IRS Commissioner Danny Werfel emphasized that the agency had “entered a new phase of increasing scrutiny on dubious submissions.” That focus appears to be paying off—a tax preparer has been arrested for seeking more than