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IRS
Tax Season Surprise! 5 IRS Updates You Won’t Want to Miss
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…
IRS Anticipates Billions in Extra Revenue from Enhanced Funding for Tax Collection
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…
Digital Tax Solutions: Creating Your IRS Online Account for the 2024 Tax Season
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…
Get Ready for Tax Season: Important Facts About Your 2024 Tax Refund
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…
Former IRS Contractor Receives 5-Year Prison Term for Trump Tax Records Leak
Charles Littlejohn, a former Internal Revenue Service (IRS) contractor, has been sentenced to five years in federal prison for his role in leaking tax records, including those of former President Donald Trump, to The New York Times. …
Smart Solutions: 5 Strategies to Effectively Address Your IRS Tax Debt
Falling behind on tax payments can be a daunting experience, but there are various strategies to address IRS tax debt.
This comprehensive guide explores five effective methods, emphasizing the importance of timely action and informed…
Final Call for Chicago Taxpayers: IRS Deadline Looms After Extension Period
Residents of Cook County are facing a looming deadline as the extended period granted after last summer's severe flooding in the Chicago area is set to conclude.
The Internal Revenue Service (IRS) has formally announced that the new…
IRS Launches Free File Service on IRS.gov, Aids Millions of Taxpayers
The Internal Revenue Service (IRS) has announced the availability of the IRS Free File Guided Tax Software service ahead of the 2024 tax season, emphasizing its commitment to providing taxpayers with accessible and cost-free options for…