The TikTok ban on U.S. government devices is proving hard to enforce. A month after the IRS was found to be in non-compliance with the federally mandated ban on the Beijing-based video app, two Republican senators are asking the IRS why it’s stil…
The IRS will test a free tax filing service in 2024 for a subset of lucky taxpayers in as many as 13 states, the agency announced today. Direct File, as the service is called, is a shot across the bows of Turbotax, H&R Block, and other paid tax pre…
IRS ends epic 16-year tax probe and sends Microsoft the bill, but Redmond disagrees.
Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly twenty years. In a filing yesterday with the Securities and Exchange Commission (SEC), the company confirmed that the Internal Revenue Servic…
The credit will be transferable as long as it’s applied to the car’s purchase price.
![IRS vows to digitize all taxpayer documents by 2025 [Updated]](https://encirclenews.com/wp-content/uploads/2023/08/irs-vows-to-digitize-all-taxpayer-documents-by-2025-updated.jpg)
All documents will be digitized as soon as they arrive at the IRS.
One tax preparer said the scandal likely impacts every user of its services.
The Internal Revenue Service (IRS) plans to send four agents who specialize in investigating cybercrime to Australia, Singapore, Colombia, and Germany starting this summer. These four new positions represent a significant increase in the IRS’s global efforts to fight cybercrimes, such as those involving cryptocurrency, decentralized finance, and crypto laundering services. In the last several…
“That was the only path through this darkness,” says U.S. prosecutor Zia Faruqui. “The darker the darknet gets, the way that you shine the light is following the money.” In Tracers in the Dark, Andy Greenberg, a senior writer at Wired, takes a historical look at what he calls Bitcoin’s “siren song: the promise of…
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