IRS Signals a Coming Crackdown on Gig Workers
Beginning this tax year, gig working platforms have to report information about more workers to the IRS as the agency cracks ...
Attention DOGE: Here’s how the federal government spends Americans’ tax dollars
As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy ...
Republicans strip IRS of another $20b in government shutdown fight
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...
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Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule
Crypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new ...
Congress stripped IRS of another $20 billion in government shutdown fight
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
IRS DeFi broker rule ‘absolutely should be challenged,’ says Uniswap CLO
Uniswap’s chief legal officer argues that the IRS new DeFi broker rules “absolutely should be challenged.” Meanwhile, a ...
New IRS Update Requires Form 1099-K For Payments Of $5K+ Received Through Cash App Or PayPal
The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...
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FCT-IRS records N252.83bn from internally generated revenue in 2024
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a record collection of N252.83 billion in ...
JD Supra1d
IRS Issues Second Littlejohn Victim Notices but Questions Remain
The Internal Revenue Service (IRS) issued notification letters earlier this year to victims of a former IRS contractor, Charles Littlejohn, ...