Category: IRS Headlines
As we approach the end of 2022, it’s never too early to start planning for the upcoming tax season. Here are our top 10 tax tips for saving money in 2023: File your taxes on time: Filing your taxes on time is important to avoid penalties and in...
As COVID-19 continues to spread throughout the United States, its impact on the health, jobs, and livelihoods of millions can’t be understated. Beyond its very real human toll, coronavirus has been responsible for millions of job losses and countle...
Have you gotten a call from the IRS lately? Someone claiming to be a representative of the IRS calls you, saying you have some exorbitant tax debt, and threatens you with arrest or the cancelation of your Social Security number. That’s scary, to sa...
Quick, don’t move! Seriously, stay right where you are—that is, if you live in a high-tax state. Right now, you may be wondering what the heck we’re talking about right now, so let us take a brief moment to explain. In 2019, thousands of reside...
Tax season is complicated. And you may think answering the question, “How early should I file my taxes?” isn’t much less complicated. While we all know the tax deadline is April 15th—or at least we hope you know the tax deadline i...
Tax legislation can be hard to understand. And with large bills, it can take quite some time for all the fine details of a bill to be parsed through by experts. Case in point: The Tax Cuts and Jobs Act of 2017. Though this $1.5 trillion tax bill was ...
The IRS has made clear of the need to report offshore foreign accounts of taxpayers since 2009, with the release of the Offshore Voluntary Disclosure Program. It’s reached the point where the IRS has decided to close the program on September 28, 20...
Could you be one of the 1 million taxpayers that have an unclaimed refund from 2014? A recent report from the IRS confirms that over $1 billion is waiting to be claimed by these taxpayers that did not file a 2014 return. Many of the taxpayers are bel...
