Five Scary Things the IRS Can Do If You Owe Back Taxes
The IRS can issue you a warning if you owe back taxes, but what’s next? Fees, fines, and penalties? The short answer: Maybe.
More than $1 billion is ready to be claimed by those who did not file a 2021 tax return
April 15 is the drop dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are ...
Can you collect Social Security if you owe back taxes?
If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that.
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Financial relief: This income does NOT pay IRS taxes
Navigating the complexities of tax season can be daunting, but understanding which types of income are exempt from taxation ...
Some EV tax credits risk being rejected by IRS on 2024 returns for long list of reasons
Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying ...
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Taxes and Finance: The impact of IRS layoffs
During the recent chaos of federal employment moves over the past couple of weeks, two actions will impact how filing your tax return this year could go and how to prepare accordingly.
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What are your options if you end up owing taxes?
Most people file their taxes hoping to get a refund. But that is not always how it pans out. In some cases, you may end up owing the IRS money instead of getting some back in your pocket.
Big problem emerges in IRS return-to-office mandate: Not enough desks
The Internal Revenue Service ordered customer service employees back to the office. There was just one problem: not enough ...