The IRS filing season statistics for 2022 highlight a significant trend: out of 163 million potential filers, 11 million individuals did not file their tax returns. This marked an increase from the 8 million non-filers reported in 2021. (The 2021 tax year saw higher filing…
The IRS is undertaking a significant effort to enhance communication with taxpayers by simplifying its often complex letters. As part of the newly introduced “Simple Notice Initiative,” the federal tax collector is revamping and dispatching commonly received notices in preparation for the 2024 tax filing…
The IRS has received a green light for additional funding: The Inflation Reduction Act—now signed into law—includes roughly $80 billion for the IRS to be phased in over 10 years. A Treasury Department report from May 2021 estimated that level of additional funding would allow…
This past Sunday, millions tuned into the Super Bowl, and many viewers placed bets on their NFL team and won. Sports gambling and playing numbers in the lottery actually has become a major part of American culture. Our country has a long history of permitting…
The simple answer is – Don’t mess with tax fraud! It could literally cost you everything. Below are some examples of six infamous people who thought they could fool the IRS and get away with tax fraud, but they learned the hard way that they…
If you have yet to file your taxes, use these tips to help you avoid identity theft this tax season. Guard Your Social Security Number For a Protected Identity With all of the online capture forms today, it is sometimes hard to determine when and…
If all of your children have left home and moved on, it is time to start thinking about ways to save on your tax bill. There are actions you can take throughout the year that will keep your taxes low, and put money back into…
If you are one of the many Americans who have experienced financial instability, then you may be worried about filing an income tax return after filing for bankruptcy. Truthfully, filing taxes should not cause you any grief if you know what to look for, and…
If you owe back taxes to the IRS or State, you need to find a reliable tax resolution attorney, who will fight for you with the IRS, in order to get you the most favorable resolution for your tax problems. The most common question is…
If you are a small business owner, you know tax season can be a headache, and perplexing tax forms can add to your frustration . . . particularly Form 1099. The due date for your business 1099 form must be mailed out by January 31st.…