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IRS
Taxpayer Advocate: ‘People Were Duped’ In Small Business Tax Credit
The IRS is considering advice for those who incorrectly claimed the tax benefit after receiving a deluge of business filings using a pandemic-era tax credit.
During the Covid-19 outbreak, the employee retention credit was developed to…
IRS Weapons: Republican Senator Proposes Defunding The Agency That Took Down Al Capone
A prominent Republican wants to take away the weapons and defund the anti-fraud police that locked up criminal Al Capone.
Iowa's senator from the upper chamber of Congress, Joni Ernst, has proposed a bill that would disarm the Internal…
Debt Limit Deal’s Cost: IRS Faces $21 Billion Loss, Reports Kiplinger Tax Letter
With the Inflation Reduction Act's $80 billion in funding, the IRS faces back from Congress by around 25%.
In the latest debt ceiling agreement, President Joe Biden made a significant IRS compromise.
IRS Faces Challenges Amidst…
IRS Suffers $21 Billion Blow as Debt Limit Deal Takes Toll
Congress has reclaimed approximately 25% of the $80 billion allocated to the IRS through the Inflation Reduction Act.
President Biden has made a significant concession regarding the Internal Revenue Service in the recent debt limit deal.…
Why More Individuals are Losing a Portion of Their Social Security Benefits to Taxes
The federal tax brackets, retirement account contribution caps, the size of the standard deduction for taxes, and Social Security cost-of-living adjustment, or COLA, are just a few of the things that the government routinely adjusts for…
Taxpayer Protection Act: Sen. Ernst Introduces Bill to Prohibit IRS from Buying Guns and Ammo
Sen. Joni Ernst of Iowa, a Republican, will introduce legislation on Tuesday that would forbid the Internal Revenue Service from arming its employees with taxpayer funds.
The ‘Why Does the IRS Have Guns Act’ forbids the IRS from…
Tax Return: Consequences of Claiming Yours Late Source
It's possible that you were so busy at work this spring that you put off doing your tax return.
Another reason you might have delayed filing is that you believe you'll need to send the IRS a check and you know you can't afford a sizable…
Ohio Residents May Expect More Tax Refunds; Do You Qualify?
According to the Internal Revenue Service, more than a million Americans would not receive their fair share of the anticipated $1.5 billion in unclaimed tax refunds.
This sum includes the approximately 52,000 Ohio taxpayers who owe more…