IRS Archive

It’s not just Republican senators upset over the Internal Revenue Service’s plans to adopt ID.me facial recognition. Democratic House Representatives Ted Lieu, Anna Eshoo, Pramila Jayapal and Yvette Clarke have sent a letter to IRS Commissioner Charles Rettig demanding his agency drop plans to use facial recognition starting this summer. They’re

(Photo by George Frey/Getty Images) Is bitcoin in the IRS cross hairs? Users of bitcoin seem to be. In IRS Notice 2014-21, the IRS announced that bitcoin and other digital currency is actually property for tax purposes, not currency. That in itself has some big tax consequences. For example:

While some may believe that the Windows XP issue is finally and truly gone, and that IT shops everywhere have moved on to more modern operating systems, there are still organizations that just will not let XP go. Not only that, they are willing to pay millions

The IRS said Friday that the number of taxpayers whose tax information may have been stolen by computer hackers now exceeds 700,000 – more than double the agency’s previous estimate. The tax collecting agency said 390,000 more taxpayer accounts may have compromised than the 334,000 it warned