IRS

As the Internal Revenue Service (IRS) makes significant headway in processing Employee Retention Credit (ERC) claims, Commissioner Danny Werfel has issued a stern warning against fraudulent submissions while shedding light on the escalating…

Two House Republicans sent a formal letter to the IRS, inquiring about the destruction of approximately 30 million taxpayer documents over two years ago. Reps. Jason Smith (R-MO), who serves as Chairman of the Ways and Means Committee,…

The Internal Revenue Service (IRS) has announced a significant policy shift to discontinue unannounced home and business visits.  This move comes as part of the agency's efforts to safeguard taxpayer information and ensure a fair and…

The Internal Revenue Service (IRS) has announced the postponement of the implementation of new payout rules for inherited retirement accounts.  The decision comes after significant pushback from taxpayers, financial institutions, and…

The IRS has recently made significant strides in collecting unpaid taxes from high-net-worth individuals, often referred to as delinquent millionaires.  The agency announced that it has successfully retrieved an impressive $38 million in…

The Free Application for Federal Student Aid (FAFSA) or the Income-Driven Repayment (IDR) application for federal student loans can both be completed online with the use of the IRS Data Retrieval Tool, which is a handy tool for taxpayers.…

In a time-sensitive development, taxpayers across the United States have been alerted to the looming deadline for claiming 2019 tax refunds, potentially worth up to $6,557.  The Internal Revenue Service (IRS) has set a strict cutoff…

A final reminder is being sent to roughly 1.5 million taxpayers who have yet to collect their 2019 tax refunds by the Federal Revenue Service (IRS). Taxpayers are urged to file their forms as soon as possible because the deadline of July…