For most Americans, the staffing cuts will not affect the way the IRS audits their tax returns. The wealthy won't see their ...

25, 2025, a wide range of tax deadlines for taxpayers throughout North Carolina. Previously, the deadline had been May 1, 2025, for Form 1040 filers, among many others,” an IRS release from ...

As tax season progresses in the United States, many taxpayers face the process with anticipation to know the dates and amounts of refunds they will receive from the Internal Revenue Service (IRS).

Tax-exempt status, which is decided by the Internal Revenue Service, means that these institutions do not pay certain kinds of taxes and that their donors receive a tax deduction when they make gifts.

Tax-exempt status, which is decided by the Internal Revenue Service, means that these institutions do not pay certain kinds of taxes and that their donors receive a tax deduction when they make gifts.

For most Americans, the staffing cuts will not affect the way the IRS audits their tax returns. The reason is that audits are computerized for those with simple financial situations, i.e. the ...

Penalties for inaccuracies on tax returns can be substantial. The IRS imposes an accuracy-related penalty of 20% on the portion of underpaid tax resulting from negligence or disregard of rules.

President Trump called Harvard University “a disgrace” a day after he asked the IRS to start the process to revoke the school’s tax-exempt status. Photo: Chris Kleponis/Press Pool ...

But many observers of philanthropic endeavors will quibble with his suggestion that the Internal Revenue Service remain passive in the face of similar discriminatory policies by other tax-exempt ...