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The service intends to take steps to automatically refund money starting in May and continuing through the summer.
March 31 -
The government has so far sent about 127 million stimulus payments to individuals and households.
March 25 -
U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.
March 25 -
The Internal Revenue Service has decided to use its discretion to avoid reducing the size of Economic Impact Payments with tax debts owed to the federal government.
March 17 -
Just under a month into federal tax filing season, the IRS reported a 32 percent slide in the number of refunds sent out compared with last year, showcasing delays that have spurred Democrats to call for postponing the traditional April 15 deadline.
March 11 -
A COVID-wrecked economy has changed the calculus for some financial planners.
February 23 -
The Internal Revenue Service is still dealing with a backlog of unprocessed mail from 2020, hurting its efforts to provide help with COVID-19 relief payments and this year’s tax season.
February 18 -
The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven’t yet received the two rounds of stimulus payments that they should have received last year or this month.
January 22 -
Tax-refund delays and stimulus-payment hiccups could spill into the upcoming tax season as the Internal Revenue Service continues to face challenges related to the coronavirus pandemic and as Congress considers yet another round of direct payments.
January 13 -
With the filing season upon us, a raft of brand new challenges await ahead of the April 15 deadline.
January 13Tax & Accounting Professionals business of Thomson Reuters