IRS

The IRS is launching a major initiative to collect unpaid taxes from high earners who haven't filed tax returns in years.  This crackdown targets individuals who made significant income but failed to fulfill their tax obligations.…

A new era in US tax filing has begun as the Internal Revenue Service (IRS) introduces Direct File, an online platform allowing eligible taxpayers to file their federal taxes for free. This move brings the US in line with many other…

As April looms, it's time to tackle a crucial task on your tax checklist: dealing with any IRS debts.  Whether it's overdue taxes or defaulted payment plans, managing tax debt is key to easing financial strain and securing stability.…

As the nation commemorates Presidents Day, a federal holiday since 1885, the Internal Revenue Service (IRS) gears up for one of its busiest periods of the year. While IRS offices were closed on the holiday, the weeks surrounding Presidents…

The advancements in tax technology, pending regulations, and the inclusion of cryptocurrency in tax forms are crucial developments to monitor in 2024.  The IRS has recently launched two new technology systems, the Information Returns…

The Internal Revenue Service (IRS) is anticipating a significant increase in tax collections, surpassing previous estimates, thanks to enhanced enforcement enabled by the Democrats' Inflation Reduction Act.  According to recent analysis…

There's a silver lining in the form of the Internal Revenue Service (IRS) making it more convenient than ever to navigate tax-related tasks with an online IRS account.  This practical guide aims to walk you through the steps of creating…

As the 2024 tax season unfolds, taxpayers are navigating a landscape influenced by various factors, from early filings driven by the desire to expedite refunds to ongoing negotiations regarding the Child Tax Credit (CTC).  Let's delve…