IRS Tax Relief

IRS further extends tax relief for Hawaii 2023 wildfire victims

IRS further extends tax relief for Hawaii 2023 wildfire victims

On March 27, 2024 the Internal Revenue Service (IRS) announced further postponement until August 7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the August 8, 2023, wildfires in Hawaii. Previously, the deadline was...

IRS ramps up new initiatives using Inflation Reduction Act funding

IRS ramps up new initiatives using Inflation Reduction Act funding

More than $482 million recovered from 1,600 millionaires who have not paid tax debts. Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding over nine years. The $80 billion price tag is more than six times the current annual IRS budget of...