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IRS
Affected by Inflation? The IRS is Pending $1,400 for You
The IRS has begun mailing letters to about 9 million households that may have lost out on multiple pandemic-related tax refunds and stimulus checks, including the third batch of stimulus payments of $1,400 to individuals, $2,800 to couples,…
IRS Alerts Americans About the $600 Reporting Threshold for Venmo and Cash App Transactions
The Internal Revenue Service reminded taxpayers this week to prepare to record transactions of at least $600 received through payment applications such as Venmo, PayPal, and Cash App.
The IRS alerted small business owners about the $600…
The Irs Warns That Tax Refunds May Be Reduced in 2023. This is Why
According to the IRS, if you expect a tax refund in 2023, it may be less than this year's payment.
A federal refund is typically issued when you have overpaid your yearly taxes or withheld more than the amount owed.
Your annual amount is…
Be Aware That These Tax Breaks Are Changing for Filing Taxes in 2022
Many increased advantages of the American Rescue Plan are no longer available for the tax year 2022 (to be filed in spring 2023), resulting in significant changes to tax deductions.
TurboTax reminds filers that certain credits, such as the…
Despite Best Efforts, the Irs Continues to Experience Backlog and Staffing Issues, Causing Tax…
As another thrilling tax season comes to a close, the IRS is struggling to stay up with the processing of 2022 returns while working to minimize the millions of unprocessed submissions from the previous year.
The Treasury Inspector General…
Tax Experts Are “Horrified” by the Irs’s Decision to Delete Information on 30…
The IRS trashed data for millions of taxpayers, according to a Treasury Inspector General for Tax Administration investigation, causing outrage in the tax community.
Employers and financial institutions provide the material, known as…
Your Tax Refund Being Held Up by the Irs? There Is a Ray of Hope Here!
Taxpayers who are waiting for refunds from Uncle Sam may take comfort in knowing that payments to the Internal Revenue Service that are 45 days or more late will receive 4% interest. That's more than double the current value of savings…
For Years, the Irs Stole Money and Kept the Details Hidden!
When the Internal Revenue Service conducts audits, it requires transparency. They rummage through ledgers, bank accounts, and receipts. When the positions are reversed, however, the appetite for disclosure vanishes.
When our public…
Many Americans Who Are Still Waiting for Their Refunds May Soon See the Irs Pay Out Billions of…
The IRS has 9.6 million unprocessed tax returns on its hands, owing billions in refunds.
The agency must pay interest on returns to the taxpayer after 45 days, which is presently at 4%.
Some taxpayers have been waiting for refunds…
Tiger Woods Owes the Internal Revenue Service $23 Million!
According to Golf Magic, Tiger Woods would have made almost $60 million in 2021. A sum that makes you dizzy when you consider that the Tiger, who was involved in a life-threatening vehicle accident fifteen months ago, has not competed in…