Filing a tax return is often a difficult and confusing task. With so many numbers, abbreviations and deadlines, it can be difficult to understand how to interpret the IRS's actions, USA Today reports. Let's start with transaction codes, three-digit codes that indicate what the IRS will do to your...
The new tax season is approaching, and while most Americans are preparing to file their taxes, there are those who won't. People don't file tax returns for various reasons: a difficult divorce, death or illness of loved ones, and sometimes they just don't want to, thinking that...
On November 9, the Internal Revenue Service (IRS) announced it was raising tax rate thresholds and the standard amount Americans can deduct from their taxes. CNBC writes about this. These changes are two of several adjustments based on rising inflation. They…
Some California taxpayers are reported to be receiving notifications that their taxes are due this month, although that period was extended for most Californians in January due to severe weather emergencies. The publication MSN told in more detail. Jeff Boger...
The Internal Revenue Service (IRS) is asking millions of taxpayers in California, Colorado and other states that granted tax breaks last year to delay filing tax returns, CBS reports. The service said it is trying to find out whether these tax credits and special refunds are considered taxable…
Tax season is in full swing, and the Internal Revenue Service (IRS) has taken a closer look at how it distributes part of the nearly $80 billion in funding approved for the agency by Congress. How not to fall under the scrutiny of the IRS and avoid an audit, the publication said ...
The IRS reported Feb. 4 that despite ongoing problems, the service has sent nearly $30 million in tax refunds worth about $103,2 billion, CNBC reported. While 29% of Americans worry about less reimbursement, according to a Bankrate poll, the average is currently…
How to talk to a live IRS consultant on the phone if you have questions about your tax return, LifeHacker reports. You must file your tax return between January 24 and April 15. While most of them…
Imagine that you filed your tax return last year and a few months later received a letter in the mail from the Internal Revenue Service (IRS) stating that you didn't. This is exactly what happens to many taxpayers in this…
This year's tax filing season officially begins on January 24th. This is the first day that the IRS will begin accepting and processing federal tax returns for 2021, Yahoo reports. “Planning the country application process is a huge undertaking and the teams…