Published 3 years ago

Tax cheats cost the U.S. $1 trillion per year, I.R.S chief says.

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Yahoo News

UPDATE 1-IRS chief says U.S. annual 'tax gap' may exceed $1 trillion

The U.S. Internal Revenue Service needs more and consistent funding to help close a "tax gap" that is leaving perhaps more than $1 trillion in legally owed taxes uncollected every year, IRS Commissioner Charles Rettig said on Tuesday. Rettig told the Senate Finance Committee that new sources of wealth have arisen since 2011-2013, when the last official annual tax gap estimate of $441 billion was made, including cryptocurrencies and the rising u…

3 years ago·Los Angeles, United States

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Reuters

IRS chief says U.S. annual 'tax gap' may exceed $1 trillion

3 years ago·United Kingdom

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Associated Press News

IRS chief expects new child payments to start this summer

WASHINGTON (AP) — It's a strain, but the head of the IRS said Tuesday he expects to meet the July 1 deadline in the new pandemic relief law for starting a groundbreaking tax program aimed at reducing child poverty. That…

3 years ago·United States

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abc News

IRS chief expects new child payments to start this summer

The IRS says it expects to meet the July 1 deadline under the new pandemic relief law for starting a groundbreaking tax program aimed at reducing child poverty

3 years ago·United States

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CNN

Stimulus-enhanced child tax credits should start flowing in July, IRS chief says

The Internal Revenue Service is on track to start sending stimulus-enhanced child tax credits to millions of families in July, the agency's head said Tuesday.

3 years ago·Atlanta, United States

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Washington Times

IRS chief expects new child payments to start this summer

It’s a strain, but the head of the IRS said Tuesday he expects to meet the July 1 deadline in the new pandemic relief law for starting a groundbreaking tax program aimed at reducing child poverty. That means new advance monthly payments of as much as $300 per child could begin flowing to lower-income families this summer.

3 years ago·United States

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