IRS - U.S. Internal Revenue Service

Agency claims the updates will lead to fewer taxpayers needing to contact the IRS for issues related to refunds.

Direct File only works for a limited set of incomes and credits during the initial phase.

The total refund amount processed by the agency fell from $87 to $67 billion.

The agency has reportedly begun scrutinizing business jet usage and company partnerships for unpaid taxes.

Citizens earning at least two-thirds of their gross income from farming or fishing are classified under the profession for taxation purposes.

The centers will be opened one Saturday per month from February to May.

The credits were granted to businesses affected by government orders during the COVID-19 pandemic.

19 contractors had access to the IRS’s sensitive systems despite failing background checks.

The total tax refunds sent by the IRS dropped by more than 76 percent as of Feb. 2.

Businesses can claim up to 25 percent of expenses related to childcare facility services offered to employees as a tax credit.

Fraudsters use the data to file and claim fake tax refunds.

The tax agency intends to use the extra funds to go after crypto transactions and use ‘behavioral science tactics’ to boost tax collection.

The form is issued for taxpayers engaged in the sale of goods or services online.

The IRS began to assume the role of a tax preparer this season encouraging citizens to file directly with the agency.

Some taxpayers from eight states and two territories who were affected by disasters last year were granted tax filing extensions.

The social security administration uses the submitted forms to calculate benefits entitled to an employee.

Higher income tax brackets and online filing options without income limits are some of the new updates to filing this year.

Only a limited set of incomes, credits, and deductions will be allowed in the Direct File’s pilot phase.

Buying and running sports teams come with certain tax breaks

The effort will affect 170 million notices sent to individual taxpayers annually and over 40 million sent to businesses.