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IRS

IRS says $1.3 billion in tax refunds is unclaimed — from 2017

by Samantha Fields
Apr 12, 2021
People have until May 17 to file their 2017 taxes and request their refunds.
More than 1 million people a year fail to claim the refunds they are owed, according to a tax expert.
masterSergeant via Getty Images
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Some will get refunds on taxes they paid on unemployment benefits ... eventually

by Nancy Marshall-Genzer
Apr 2, 2021
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
It's a messy year for the IRS, taxpayers and tax preparers.
Saul Loeb/AFP via Getty Images
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Top 1% of earners don't pay taxes on one-fifth of income, study finds

by Justin Ho
Mar 23, 2021
Many pass their income through partnerships and corporations. Others park money offshore.
A big part of the issue, the report found, is that the IRS uses random audits to weed out cheaters.
Spencer Platt/Getty Images
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COVID-19

IRS will delay tax filing due date until May 17

by Associated Press
Mar 17, 2021
The delay provides more time for both taxpayers and the IRS, given the pressure of the pandemic.
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Getting $1.9 trillion in aid out the door? "It just takes time."

by Kimberly Adams
Mar 10, 2021
Individuals will probably get their American Rescue Plan payments within weeks. State and local governments will wait months.
House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer sign the American Rescue Plan Act on Wednesday. It will next move to the White House for President Biden's signature.
Olivier Douliery/AFP via Getty Images
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COVID-19

IRS backlog causing problems for taxpayers

by Marielle Segarra
Feb 9, 2021
The IRS shut down its offices due to COVID, creating a buildup of millions of pieces of unopened mail and unprocessed returns.
The delays because of the pandemic are so bad, they’re even affecting people who bypassed the mail and paid their taxes online.
Zach Gibson/Getty Images
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COVID-19

Some delayed stimulus payments may not arrive until you file 2020 taxes

by Nova Safo
Jan 7, 2021
If the IRS has out-of-date information for your bank account, you may have to claim the stimulus as a credit on your 2020 taxes.
There’s a glitch in the direct payments system: For some taxpayers, the IRS has out-of-date bank account information.
Olivier Douliery/AFP via Getty Images
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COVID & Unemployment

Millions will get their relief payment via debit card. That's good ... and bad

by Justin Ho
Dec 30, 2020
Cards are usually cheaper than checks. Unless there's a dispute.
President Donald Trump holds one of the prepaid debit cards being issued by the IRS, during a Cabinet meeting in May.
Brendan Smialowski/AFP via Getty Images
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COVID-19

Small businesses still struggling with COVID impacts must consider tax implications, too

by Justin Ho
Dec 29, 2020
Many received PPP loans. And that means new tax questions for 2021 filings.
A closed dining area outside a Manhattan restaurant on Nov. 13, 2020.
Spencer Platt/Getty Images
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Pre-filled tax forms would save Americans time and money, research says

by David Brancaccio , Chris Farrell and Daniel Shin
Nov 11, 2020
"Return free filing" is something 36 countries already do.
Zach Gibson/Getty Images
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