The IRS says a lack of resources is at fault, spanning the past five years which have seen broad federal budget cuts.
The April 15 tax-filing deadline is almost here, and the Internal Revenue Service likes to remind taxpayers of common errors and helpful tips to avoid stressing out and making mistakes….
The Internal Revenue Service has been urging Congress for new authority to regulate the $10.1 billion tax preparation industry.
A U.S. Treasury official told a Senate panel Thursday that scammers posing as IRS agents have targeted more than 366,000 Americans with threatening phone calls during which victims are falsely told they owe taxes immediately.
The IRS said it has processed nearly 50 million returns, which is about one-third of the total individual income tax returns the agency expects to receive this year.
Obama administration officials Friday dealt with a new Healthcare.gov snafu, admitting that some 800,000 people got incorrect tax statements about their coverage in 2014.
Consumer advocates are providing a solution for the sticker shock: extending the open enrollment period to April 15, tax day. According to some media reports, federal authorities are considering doing just that.
Some taxpayers who have to pay the Obamacare penalty say their tax refunds are taking longer than normal, but the IRS says there are no such delays.
Intuit said the fraud did not result from a security breach of its systems, but that the information used to file fraudulent returns was obtained from other sources outside the tax preparation process.
The 2015 federal tax filing season is off to a fast start, with the Internal Revenue Service reporting that 7.6 million refunds worth $26.8 billion have been issued since Jan. 31.