The IRS restarted processing ERC claims following a one-year pause, but it’s been slow to reduce its backlog. At one point, ...
If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...
So, what are your changes of being audited? Regardless of income, your chances of being audited are pretty slim. Of the ...
Navigating the tax refund process can be daunting, especially if you've overpaid your taxes. The IRS is responsible for ...
The IRS will follow up with you if you fail to pay your tax liability. Despite advancements in technology, the IRS is still ...
Filing taxes accurately is crucial to avoid penalties and delays in refunds. The IRS warns that common mistakes like missing ...
All income is taxable, even stolen money. If the interpreter pays back his former boss the stolen money, does the IRS let him ...
Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.
The IRS Fresh Start program isn't a magic solution that erases all tax problems, however. While it has helped many taxpayers ...
Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with IRS.
Tax season is a time when many Americans eagerly anticipate their refunds. However, issues can arise that delay these ...
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