2+ week, 6+ day ago   (113+ words) news.bloombergtax.com Two taxpayers failed to convince a Texas federal judge they stand to suffer irreparable injury if the IRS isn’t blocked from enforcing its maximum paycheck withholding rule. Matthew Lobdell and Shawn Gibson sought to enjoin enforcement of…...

3+ week, 2+ day ago   (54+ words) news.bloombergtax.com Consumers challenging Kentucky’s imposition of sales tax on menstruation products don’t need to exhaust administrative remedies before suing, a state trial court said in an opinion denying the state’s motion to dismiss. Learn more about Bloomberg Tax…...

2+ mon, 2+ week ago   (89+ words) news.bloombergtax.com The IRS has seen an about 35% increase in companies and individuals taking an alternative avenue to resolve their tax disputes, an official said Thursday. The uptick from fiscal year 2024 to 2025 in the fast track settlement program, a…...

2+ mon, 4+ week ago   (698+ words) A report on the IRS sharing address information with Immigration and Customs Enforcement suggests that failing to prioritize taxpayer confidentiality is the real scandal, not interagency data sharing. This comes as tax administration is becoming more automated, data dependent, and…...

3+ mon, 3+ week ago   (202+ words) The IRS prevented the loss of about $7 billion in revenue as part of its efforts to find and prevent identity theft, according to the agency’s watchdog. While the IRS for 2024 and 2025 prevented billions in fraudulent tax returns using tax return…...

4+ mon, 3+ week ago   (845+ words) Within hours of filing his tax return, Chris Carroll realized he’d given the IRS the wrong bank account information. It took him weeks to clear up the mistake. “It was over a $9,000 refund,” he said. “I was nervous—I’m like,…...