A Florida man who owned a healthcare company embezzled $10 million; instead, he misappropriated the funds to purchase a yacht and went on a personal spending spree at luxury retailers like Cartier and Bergdorf Goodman, resulting in a loss of over $10 million to the IRS.

The IRS has announced new federal income tax brackets and standard deductions. A 2.7% inflation-related adjustment will apply starting in 2025.

The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.

Corrine Brown was ordered to pay the IRS $62-thousand dollars in restitution. In recent court filings, we’ve learned that Brown has yet to pay any of that amount. Her lawyers say they’ve been unable to work out a payment schedule, and asked the judge to approve $1000 a month.

A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.

The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers.

The deadline to file taxes is Monday at 11:59 p.m., and there are some options for those who waited until the last minute to complete them.

Taxes are due a week from today, April 15, and a mistake can be costly.

News4JAX anchor targeted by scammer warns others.

Scammers look for ways to trick people into giving them money year-round, but tax season can be particularly fraught.

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017.

First, there were trackers on Taylor Swift and other celebrities’ private jet usage.

AI, or deepfake technology, is becoming more sophisticated and it’s becoming harder and harder to distinguish between what’s real and what’s a computer-generated scam.

Treasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking.

IRS impersonation scams have become a rampant threat, targeting more than 2.4 million individuals in the US and resulting in losses exceeding $72.8 million.

The Jacksonville Historic Naval Ship Association (JHNSA) is an IRS 501.c.3 Approved Non-Profit that owns the Jacksonville Naval Museum (JNM).

The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream.

House Republicans went after the IRS when they decided that emergency aid for Israel should be coupled with cuts elsewhere in the budget.

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system.

House Republicans have subpoenaed several FBI and IRS agents involved in the federal investigation into Joe Biden’s son Hunter Biden.

House Republicans are raising unsubstantiated allegations against President Joe Biden over his family’s finances.

Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years.

House Republicans have released testimony from two IRS whistleblowers who allege that the Justice Department interfered with their yearslong investigation into President Joe Biden’s son, Hunter.

If you’re looking for a job this summer, the Internal Revenue Service is searching to fill over 200 customer service positions in Jacksonville.

An IRS special agent is seeking whistleblower protection to disclose information regarding what the agent contends is mishandling of an investigation into President Joe Biden’s son, Hunter Biden.

If you receive payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change next year.

It’s that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesday’s filing deadline, and many often pay to use software from private companies such as Intuit and H&R Block.

The deadline to file your taxes has arrived.

The Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers.

The Federal Trade Commission said according to its latest data, impersonation scams were the top reported scam in 2022.

If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?

The tax deadline is fast approaching. April 18 is the last day you can send snail mail taxes or hit send electronically.

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

The IRS says most relief checks issued by states last year won't be subject to federal taxes, providing late guidance as taxpayers have begun filing returns.

Tax season is underway, and the IRS is advising against waiting until the last minute to file.

Tax season is here again.

It’s now time to start gathering those W2s and all your financials together for Uncle Sam. This year you’ll notice some changes, especially when it comes to refunds.

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS.

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday.

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.

The House has taken action after disclosures the IRS never fully reviewed Donald Trump’s tax returns during his presidency.

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny.

A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency.

The Internal Revenue Service announced Thursday that taxpayers affected by Hurricane Ian are eligible to receive tax relief following the recent disaster declaration issued by the Federal Emergency Management Agency.

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges.

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

President Joe Biden has signed Democrats’ landmark climate change and health care bill.

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

A 34-year-old Glynn County man accused of threatening to blow up an Internal Revenue Service office in New York was sentenced to time served and placed on three years of supervised release.

Republican politicians and candidates are distorting how a major economic bill working its way through Congress would overhaul the IRS and affect taxes for the middle class.

The Internal Revenue Service is looking to fill 225 contract representative positions in Jacksonville this summer.

This weekend, flags for Governor Ron DeSantis were up, and some people are asking, 'Can political flags be posted on a ship that’s run by a non-profit?'

Monday is Tax Day, the federal deadline for individual tax filings and payments.

Millions of Americans wait until the last minute to file their taxes, and this year is no exception.

Filing your taxes in the post-COVID era can be complicated and confusing. Laws are changing all the time.

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package.

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Congress is racing to pass a mammoth $1.5 trillion legislative package that would fund the government for the rest of the year.

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRS’ rules for reporting on taxable events.

The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.

Tax season is here and it’s early this year. You can start filing electronically on Monday, but will the returns be bigger or smaller this year?

U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.

With tax season beginning Jan. 24, Internal Revenue Service Criminal Investigation is warning taxpayers to watch out for tax-related fraud.

Brent Brown is facing 17 counts of failing to pay the IRS payroll taxes from his employees at Latitude 360.

For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.

Many people have gotten their advance Child Tax Credit payments this year, but scammers are taking advantage of this new program to try to trick you out of money or information.

Don't focus on the bottom line.

Another round of child tax credit payments was sent to many American families this week, but some might have been delayed by what the IRS calls a “technical issue.”

What does Bitcoin have to do with roads and bridges.

If you’re a parent who hasn’t opted out of the federal Child Tax Credit program, chances are you have monthly payments coming to you over the next few months.

A Republican senator who helped negotiate a nearly trillion-dollar bipartisan infrastructure bill says a proposal to strengthen IRS enforcement to raise money to help pay for the bill's spending is officially off the table.

The first round of child tax credit payments started hitting parents’ bank accounts Thursday.

Starting this week, the first of six child tax credits will hit parents’ bank accounts.

Vice President Kamala Harris is visiting a child care center to highlight the Biden administration’s efforts to expand child care and relieve the financial pressures of parenthood.

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

A U.S. tax court has handed a major victory to the estate of Michael Jackson in a years-long battle.

There’s a consumer alert for anyone who still needs to file their taxes.

More than 89,000 Floridians may be owed a 2017 income tax refund, according to the IRS.

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

This year’s tax season was scheduled to end April 15, but multiple news outlets reported Wednesday that the IRS is planning to push the deadline date to file an extra month. According to CNBC and other national outlets, the agency is considering moving the filing deadline to either May 15 or possibly May 17 since the 15th is a Saturday. The IRS typically delays filing deadlines that fall on a weekend or holiday to the next business day. There have been calls to extend the deadline after the passage of the $1.9 trillion American Rescue Plan. Processing of the payments began last Friday, the day after Biden signed the American Rescue Plan, which authorized direct payments of up to $1,400 to qualifying individuals.

First, check the IRS’s Get My Payment tool. Now, what if you didn’t file taxes in 2019 or 2020? The IRS urges you to file your 2020 taxes to get the money. Other reasons you may not have received your payment or the full amount you expected? Once you do file taxes, the IRS says it will give you your owed money.

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

JACKSONVILLE, Fla. – A third round of stimulus checks are on the way, but did you know the $1,400 checks can be garnished to pay off debts? RELATED: What’s inside the $1.9T COVID-19 bill passed by CongressTo be clear, stimulus check garnishments only apply to people whose debts have gone into collections. Question number two:“If the IRS says I did get my stimulus check but I didn’t, what do I do?”The IRS has a section on its website that deals with the first and second payments. AdThe third question: Will I get a stimulus check? The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent.

Even if we think we have some knowledge about anything tax-related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Tax season can be a reason to laugh, as these famous TV episodes showed.

Below is a brief look at how the child tax credit will change under the $1.9 trillion stimulus package, which is expected to be signed by President Joe Biden:AGE: Only children under the age of 16 are eligible for the current child tax credit, but the stimulus bill will make most children under the age of 18 eligible. AMOUNT: While the current child tax credit provides $2,000 per child each year, the stimulus bill will boost that to $3,000 for each child ages 6-17 years old; and $3,600 for each child under 6 years old. DISTRIBUTION: Like most credits, the current child tax credit is received as part of your annual filing process and is either applied to your income tax or your refund balance. The other half willLIABILITY: The new version of the child tax credit is expanded to be The new version of the child tax credit is expanded to be fully available to the poorest families , instead of restricting it based on the parents’ tax liability. To read the full text of the child tax credit section of the stimulus bill, refer to page 475 of the full document.

JACKSONVILLE, Fla. – Aside from the direct checks, the landmark $1.9 trillion COVID-19 relief bill also expands the child tax credit which could provide families hundreds of dollars a month per child. You get $3,000 for each child ages 6-through 17 and $3,600 for each child under 6And a big change to how this money is handed out. First, make sure you file for that child tax credit this tax season. Second, keep an eye out for a new, online portal from the IRS. If you have more children, or get divorced, or have a change in income, you’ll be able to let the service know through that portal.

Based on how quickly stimulus payments have reached bank accounts after other relief bills passed, the $1,400 payments could start to show up next week. Since it’s been expected the American Rescue Plan would pass, News4Jax on Wednesday asked people in Northeast Florida how they plan to spend their stimulus checks. It was hard.”AdAnd while the $1,400 stimulus payment for Rolle will be used to catch up on bills, mother of two Tonetta Lane-Bynes said she will use the stimulus money to prepare for a rainy day. “What we’re going to do with the stimulus money is really save it,” Lane-Bynes said. “We’re building a house, so I’m putting it to our house,” said resident Jean St. Pierre.

A common aspect of the COVID-19 pandemic over the past two or so years has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.

Tax season is busier than usual for professional athletes and the people they put in charge of their taxes.

These 10 celebrities found out the hard way not to mess with the IRS.

Are you knee-deep in receipts, 1099 forms and W2s? Or are you all done?

Ninety percent of Americans will file their taxes online, either using a professional tax preparer or tax software. It’s the only one tested to earn top marks for data privacy, data security, and usability. You can also protect your personal tax information by simply looking for the HTTPS or a little lock at the beginning of a web address. So if either is lost or stolen, your personal data can’t be accessed. Consumer Reports has created a free online security planner to help you secure your devices and accounts.

When it comes to tax write-offs, many people will stretch the limits to see what they can get away with.

It is easy to put off doing your taxes until the last minute. No one likes to deal with the IRS, and sometimes, procrastination happens as a result.