IRS

The House voted 221-210 to take back more than $70 billion, which is almost 90 percent of the new money for the IRS. This shows that Republicans don't want the agency to grow and want tax enforcement issues to stay in the public eye.…

The IRS has verified there is a means to prevent a "surprise tax bill" for failing to pay sufficient taxes in 2022, as well as avoid further penalties. The deadline for tax payments for the fourth quarter of 2022 is January 17, 2023.…

A review of IRS tax audit data from 2022 revealed that taxpayers in the lowest income band are five times more likely to be audited than those in the highest income bracket. Tax Reports During an annual report to Congress, National…

Investors should be aware that there are legal methods to reduce, defer, or even eliminate taxes on investment gains, allowing them to keep a larger amount of their income. Your investment income is subject to taxation by the Internal…

A budget plan for 2023 was ultimately put together by the US Congress just before 2022 came to a close and was approved by both chambers as well as President Joe Biden that could affect your 401(K) and IRA. The $1.7 trillion federal…

If you file your taxes as soon as they become available, you can expect your tax refund more promptly. Tax returns won't be accepted by the IRS until the end of January 2023. Direct deposit for your refund check and internet filing are…

The IRS will soon begin issuing tax rebates, which is wonderful news for households across the US as we enter a new year. Although the procedure can take a while, it is speeding up thanks to technology, and refunds, if any, can now be…

A tax refund is a significant silver lining of enduring winter, but if you're anticipating a large refund in 2023, you should expect to receive less than in past years. Smaller Tax Refund Experts and even the IRS warned that tax refund…