IRS

The extra IRS funds revealed in the Inflation Reduction Act will intensify audits on America's wealthiest taxpayers. Over the next ten years, the Internal Income Service (IRS) hopes to generate an additional $100 billion in income. It…

The IRS accepts payments in different ways, as listed below. In order to avoid fines and interest, it goes without saying that you should act before the tax deadline. There are methods to simplify the payment process, some of which may…

New Mexico seniors filing income tax returns may be pleased to learn that they no longer pay state taxes on Social Security income. The 2022 tax year is the first time since 1990 when the legislature began taxing it, that Social Security…

The IRS announced Thursday that it will hire over 20,000 more workers and deploy new technology over the next two years as part of an $80 billion investment plan to increase tax enforcement and customer service. In its long-awaited…

The IRS will soon announce how it intends to spend the substantial sums provided to the agency in the Inflation Reduction Act, which includes an additional $80 billion for tax collectors. Treasury Secretary Janet Yellen announced the…

The tax agency's reporting season ended March 24, 2023, with the average reimbursement amount significantly lower than last year.  The IRS had issued a warning that this would likely be the case this year, primarily due to the fact that…

A federal appeals court decision issued last week brought federal student loan debtors wanting to have their debt forgiven as a result of academic dishonesty one step closer to finding relief. Although it is unrelated to the federal…

The tax season's numerous forms and applications can be difficult to comprehend. a list of suggestions that will facilitate the filing of documents. Depending on your income as a parent or guardian, you may be eligible for a variety of…