Internal Revenue Service news and trends

Trump Exec Order Puts Paper Checks on Borrowed Time, but Data Hurdles Loom Large
Monday Meetup // March 31, 2025

By now, President Donald Trump’s executive order to modernize how the federal government handles treasury disbursements is old news. The move, dubbed by some as “#KillTheCheck,” aims to address rising check fraud and cut costs the administration projects will exceed $650 million in fiscal 2024...

IRS Staffing Cuts May Delay Tax Refund Advances
Taxes // March 18, 2025

A financial lifeline for many consumers — particularly lower-income consumers — in the form of tax refunds may be fraying a bit at a time when those refunds may be needed to bolster households against economic headwinds. Get the Full Story Complete the form to...

Senate Revokes Crypto Tax Reporting Rule Passed Under Biden
Cryptocurrency // March 05, 2025

The Senate has overturned a rule requiring cryptocurrency platforms to report customer transactions to the IRS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

DOGE Seeks Access to IRS System Amid IT Modernization Effort
Politics // February 17, 2025

The Elon Musk-led Department of Government Efficiency (DOGE) is reportedly seeking access to an Internal Revenue Service (IRS) system that is usually not available to political appointees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Interviews & Exclusives
Trump Exec Order Puts Paper Checks on Borrowed Time, but Data Hurdles Loom Large

March 31, 2025
By now, President Donald Trump’s executive order to modernize how the federal government handles treasury disbursements is old news. The move, dubbed by some as “#KillTheCheck,” aims to address rising check fraud and cut costs the administration projects will exceed $650 million in fiscal 2024 alone. Get the Full Story Complete the form to unlock […]

1042-S Adds Complexity to Tax Season for Banks and Corporates

March 06, 2024
It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the IRS. Get the Full Story...

Quick Reads
DOGE Reportedly Plans to Construct ‘Mega API’ in IRS ‘Hackathon’

April 06, 2025
The Department of Government Efficiency (DOGE) is reportedly planning a “hackathon” at the IRS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]

Senate Revokes Crypto Tax Reporting Rule Passed Under Biden

March 05, 2025
The Senate has overturned a rule requiring cryptocurrency platforms to report customer transactions to the IRS. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

DOGE Seeks Access to IRS System Amid IT Modernization Effort

February 17, 2025
The Elon Musk-led Department of Government Efficiency (DOGE) is reportedly seeking access to an Internal Revenue Service (IRS) system that is usually not available to political appointees. Get the Full Story Complete the...

IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams

July 16, 2024
The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. Get the Full Story Complete the form to unlock this article and enjoy unlimited...