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IRS phases in Form 1099-K threshold at $2,500 in 2025

The Internal Revenue Service extended its transition relief for the new Form 1099-K information reporting threshold.

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IRS could lose another $20B in funding

The Treasury is warning Congress that it needs lawmakers to unlock funding for the Internal Revenue Service that could be rescinded due to legislative language.

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IRS catches $2B in tax fraud in 2024

The Internal Revenue Service's Criminal Investigation unit identified over $2.1 billion in tax fraud in fiscal year 2024, according to a new report.

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