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The Internal Revenue Service announced that the agency will officially begin accepting and processing 2023 tax returns on Monday, January 29, 2024. The IRS expects more than 128.7 million individual...
With a government shutdown looming, some wonder how IRS operations would be affected. The prospect of a government shutdown is spotlighting several federal agencies. But the IRS has been in the news lately, mainly due to being allotted $80 billion in the Inflation Reduction Act (IRA). (That amount will drop to about $60 billion due to the debt limit deal reached earlier this year.) After releasing a multibillion-dollar spending plan for the funding, the IRS launched new compliance initiatives fo
If the federal government shuts down on Oct. 1, many critical US agencies will close their doors and send employees home. But that is likely not to be the case at the IRS.