IRS

Deadline for $976 Tax Refund for Michigan Residents Looms; Check If You Are Eligible!

Deadline for $976 Tax Refund for Michigan Residents Looms; Check If You Are Eligible!

Michigan residents may be eligible to receive a generous refund of $976, but the filing deadline looms. Here's what you'll need to do!

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What Biden’s Proposed Capital Gains Tax Increase Mean to Investors

Capital Gains Tax Increase: What Investors Need to Know About Biden's Proposed Changes

Several financial experts say the Biden administration’s proposal to raise capital gains tax will negatively affect the US economy.

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IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers

IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers

The Internal Revenue Service (IRS) announced that it has implemented measures to tackle the significant discrepancy in audit rates between different groups of taxpayers.

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IRS

IRS Set to Increase Audit Rates for Wealthy Taxpayers, Large Corporations, Business Partnerships

The audit rate for large corporations with assets exceeding $250 million is expected to almost triple, rising from 8.8% in 2019 to an estimated 22.6% by 2026.

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Deadline for $976 Tax Refund for Michigan Residents Looms; Check If You Are Eligible!

Unclaimed Tax Refunds: IRS Still Holds Over $1 Billion in Payments; Here’s How to Claim Yours Before May 17 Expiration

There is only a short period of chance for Americans to secure their tax refunds before they disappear from the records of the Internal Revenue Service (IRS).

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How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments

How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments

Here's what to do to determine whether or not you have any unclaimed payments from the IRS that are still pending and how you will claim them.

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940,000 Taxpayers May Receive Extra $932 Tax Refunds From IRS; Here's Why!

940,000 Taxpayers May Receive Extra $932 Tax Refunds From IRS; Here's Why!

Nearly 940,000 taxpayers could be in for an exciting surprise as they may receive extra tax refunds from the IRS.

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IRS Launches Crackdown on High-Income Earners for Tax Evasion—Are You Included?

The IRS is intensifying efforts to combat tax evasion among high-income earners, focusing on those reporting over $1 million in annual income and $250,000 or more in tax debt. Here's how to know if you're one of them.

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UK Scraps 'Non-Dom' Tax Status, Aims to Raise £2.7 Billion Annually

UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.

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IRS Reveals How Quickly You Can Receive The Child Tax Credit Upon Approval

The IRS assures a quick disbursement of the child tax credit as the Tax Relief for American Families and Workers Act of 2024 bill awaits Senate approval.

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IRS to Go After 125,000 High-Earning Americans Who Did Not File Tax Returns Going Back to 2017

To improve tax compliance and ensure fairness, the Internal Revenue Service (IRS) is going after 125,000 people who earned over $400,000 annually but did not file tax returns between 2017 and 2021.

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What You Need to Know: IRS Launches Direct File Pilot for Free Tax Filing in Tax Season 2024

IRS introduces Direct File, a free tax filing program for Tax Season 2024, available in 12 states. Simplifies the process and supports basic deductions and credits.

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The IRS Proposes Child Tax Credit Expansion To Benefit 16 Million Low-Income Children

The IRS Commissioner Daniel Werfel promises rapid implementation of the new 2024 Tax Relief Act and eligibility mirroring existing guidelines.

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IRS Launches ‘Voluntary Disclosure Program’ to Let Businesses Pay Back Pandemic-Era Tax Credits Claimed in Error

IRS Launches ‘Voluntary Disclosure Program’ to Let Businesses Pay Back Pandemic-Era Tax Credits Claimed in Error

The Internal Revenue Service (IRS) has launched a "voluntary disclosure program" for businesses that improperly claimed a pandemic-era tax credit and want to return the money.

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IRS to Provide $1 Billion in Penalty Relief for Millions of Taxpayers — Here's Who Qualifies

IRS to Provide $1 Billion in Penalty Relief for Millions of Taxpayers — Here's Who Qualifies

The Internal Revenue Service (IRS) announced on Tuesday a penalty relief for individuals who failed to pay their taxes on time during the pandemic.

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