IRS

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…

The IRS is targeting strategies to fraudulently claim Employee Retention Credits (ERC) to maintain the program's integrity. The ERC program, introduced as part of COVID-19 relief measures, provides financial support to eligible employers…

In April, the IRS revealed that over 1.5 million Americans still qualified for tax refunds of up to $900. Some low- and moderate-income households might also be qualified for the Earned Income Tax Credit, so it might not only be a $900…

In an unexpected change of events, the prosecutor investigating the Hunter Biden case, son of President Joe Biden, denied retaliation against an IRS agent who provided evidence to House Republicans. The agent, whose identity remains…