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IRS

Weekly Wrap

The week that could’ve been an economic homerun for Republicans

by Kai Ryssdal
Jan 12, 2018
Close, but no cigar.
It started out as a pretty good week for the White House, with bonuses and raises being attributed to the tax bill. But President Donald Trump’s comments about El Salvador, Haiti and some African countries overshadowed other news.
Win McNamee/Getty Images
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Pity the tax bills of America’s multinationals

by Sabri Ben-Achour
Jan 5, 2018
During the next few weeks we’ll be hearing from some of the world’s largest companies about big, one-time write-downs against their financial results. Many are expected to warn that their profits will be hurt by the huge bills they have to pay to the IRS. It’s part of the new tax law. But those write-downs […]
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The IRS is losing its dogged leader at a crucial time in the agency’s history

by Nancy Marshall-Genzer
Nov 8, 2017
Budget cuts have put a squeeze on the agency as a major tax overhaul looms
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Many countries help people prepare their taxes for free. Why doesn't the U.S.?

by Scott Tong
Oct 12, 2017
Two decades ago, Congress voted to have the IRS help Americans file their returns but it never happened.
Tim Boyle/Getty Images
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Timeshare owners are suing the U.S. Virgin Islands over new fee

by Marketplace Contributor
Aug 4, 2017
U.S. Virgin Islands faces lawsuit over a $25 a day fee to shore up its $2 billion bond debt.
Tourists travel on the ferry from St. Thomas to St. John, U.S. Virgin Islands.
Anna Boiko-Weyrauch/for Marketplace
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The powerful interests fighting tax simplification

by Ryan Kailath
Jun 5, 2017
The White House says a revamp will boost revenues. Democrats want an easier system, too. So why hasn't it happened?
“When you're doing your taxes, you're just the IRS' lowest-paid employee,” said Austan Goolsbee, former chairman of Obama's Council of Economic Advisers. “All you’re doing is typing in information they already have.”
Chris Hondros/Getty Images
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The IRS doesn’t care if you have political reasons for not paying your taxes

by Jana Kasperkevic
Apr 18, 2017
Not paying could result in penalties and felony charges.
Armando La Rosa directs people to the Liberty Tax Service office as the deadline to file taxes looms on April 15, 2016 in Miami, Florida. 
Joe Raedle/Getty Images
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The IRS brings in private debt collectors

by Justin Ho
Apr 18, 2017
It’s our duty to inform you that today is tax day. If you have some outstanding debt owed to the Internal Reserve Service, you might have a new kind of debt collector coming after you this year. The IRS is bringing on four private debt-collection agencies to go after certain older tax debts: CBE, ConServe, […]
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IRS must hold Earned Income Tax Credit refunds until mid-February

by Marketplace Contributor
Jan 2, 2017
That's about two weeks later than usual.
Tim Boyle/Getty Images
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Do U.S. companies need a tax holiday?

by Mark Garrison
Oct 28, 2016
A short-term, lower-tax rate might bring home trillions in overseas money.
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