Tax

The IRS has reminded American citizens who are employed and residing abroad to submit their federal income tax returns by June 15th. All US citizens and foreign residents, including those with dual citizenship, are subject to this…

The IRS is seeking to take on the responsibility of managing the tax filing procedure for millions of American individuals. The Inflation Reduction Act (IRA) mandated the IRS to assess the feasibility of an online tax-filing platform…

Millions of individuals receive monthly payments from the Social Security Administration, including retired workers, SSI recipients, and SSDI beneficiaries. SSI provides financial assistance to individuals aged 65 and older and those…

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) enable you to set aside pre-tax funds, sometimes directly from your wage, to cover qualified medical expenses. If this card is lost or stolen, you may not have the same…

The objective of IRS Criminal Investigation is to identify and prosecute individuals or entities suspected of committing criminal tax violations. Understanding the potential causes of such investigations is crucial for taxpayers to…

The IRS is creating a system for taxpayers to electronically submit returns directly to the government at no cost, bypassing commercial options like TurboTax. The agency intends to conduct a pilot test of the program in the upcoming…

The Internal Revenue Service is the nation's tax collector, but a new poll released on Monday found that the majority of people support the concept that the organization also functions as a free tax preparer. The IRS is looking at…

A tax-advantaged retirement account, such as an IRA or its corollary, a Roth IRA, enables you to accumulate funds while you're still employed in order to access them later in life. You can make contributions to an IRA at any age because…