These numbers are higher than when Collins highlighted the problem in her 2023 report to Congress. In that report, released in January, she said the IRS was taking about 19 months to resolve identity theft cases. As of Sept. 30, 2023, the agency had 484,000 cases in inventory....
The article discusses the report submitted by the U.S. Department of the Treasury and Internal Revenue Service (IRS) on April 6, 2010. It notes that the report mandated by the Pension Protection Act of 2006 (PPA) on charity-owned life insurance (ChOLI) arrangements. It mentions that the ...
Last year, the IRS made "considerable progress" reducing the backlog of unprocessed returns, the organization said in its annual report to Congress. However, the Taxpayer Advocate says agency improvements may take time. Mykhailo Polenok / Eyeem | Eyeem | Getty Images After another challenging ye...
The average time it took the Internal Revenue Service to resolve identity theft cases and issue refunds to the affected victims in fiscal year 2024 was two years, according the National Taxpayer Advocate’s 2024 annual report to Congress, issued today. These delays impacted nearly half a million...
Erin M. Collins, who leads the watchdog,criticized the IRS’s pacein resolving the identity theft crisis as “lengthy and a blemish on its performance.” She noted that she also took aim at the IRS over the delays in her 2023 Annual Report to Congress, in which she highlighted the same...
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules. 12748 News IRS doubles down on crypto staking taxes — Report Dec 23, 2024 by Ana Paula Pereira The US tax agency denied argument...
Hunter Biden had used access to his father on an official government trip to Beijing aboard Air Force Two to connect prospective Chinese business partners with then-Vice President Joe Biden, according to a massive cache of documents recently turned over to Congress and obtained by Just the News....
Collins wrote in her 2024 annual report to Congress. She said “the IRS has made major strides” with the help of the billions of dollars in multiyear funding, though she notes that “IRS service remains far from perfect.” Remaining service gaps include prolonged delays in resolving claims ...
IRS Commissioner to Quit as Trump Takes Office, WSJ Reports More Reuters FILE PHOTO: IRS Commissioner Danny Werfel testifies before House Committee on Ways and Means on "Accountability and Transparency at the Internal Revenue Service" on Capitol Hill in Washington, U.S., April 27, 202...
Congress Mike Johnson defends House GOP's Israel aid plan By ANDREW HOWARD 11/05/2023 10:35 AM EST Updated 11/05/2023 11:03 AM EST Legal Federal prosecutor to Congress: I didn’t hinder Hunter Biden probe By BETSY WOODRUFF SWAN 10/27/2023 04:02 PM EDT ...