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IRS Pledges More Audits of Wealthy, Better Customer Service
The IRS is outlining how it plans to use an infusion of $80 billion for improved operations.
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IRS Issues Clarification on Rebates, Says Illinois Taxpayers Can File Returns
Millions of taxpayers were asked to delay filing their 2022 tax returns after questions arose over whether or not specific rebates should be included as taxable income, and now the Internal Revenue Service has given their answer.
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As Millions Hold Off on Filing Taxes After IRS Request, Here's What to Know If You've Already Filed
As millions of taxpayers have been asked to delay filing their 2022 tax returns, those who may have already filed may be looking for guidance on the best course of action.
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IRS Says Many State Rebates Aren't Taxable at the Federal Level. Some May Face Filing Struggle, Tax Pros Warn
The IRS on Friday issued state rebate and payment guidance for millions of filers urged to pause federal filings. Here’s what taxpayers need to know.
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IRS Asking Some Residents to Hold Off on Filing Returns
In an unusual move, the IRS is asking some residents to hold off on filing their tax returns, NBC 5’s Lexi Sutter reports.
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As IRS Urges Taxpayers to Delay Filing, Here's What to Do If You Already Have
Millions of taxpayers in more than a dozen states are being asked to hold off on filing their 2022 returns as the agency works to clarify whether certain rebates and refunds constitute taxable income.
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What Are Some Common Tax Filing Errors?
These are some of the most common errors you should avoid when filing your taxes, according to experts and the IRS.
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College Students Are Helping People File Their Taxes for Free
VITA is an organization that partners with college students to provide free tax preparation services. Christopher Thornton, the president of the UCLA chapter, explains how it works.
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IRS: Taxpayers May Avoid a Surprise Tax Bill by Making a Quarterly Payment by Jan. 17
The fourth-quarter estimated tax deadline is Jan. 17. Here’s how to avoid a ‘surprise tax bill’ for 2022, according to the IRS.
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With 87,000 New Agents, Here's Who the IRS May Target for Audits
The Senate approved nearly $80 billion in IRS funding with $45.6 billion for “enforcement.” Here’s who may be affected by more audits.
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IRS Chief Asks Watchdog to Probe Rare Tax Audits of Trump Foes Comey and McCabe
Two of former President Donald Trump’s leading foes, ex-FBI Director James Comey and ex-FBI Deputy Director Andrew McCabe, were subject to rare tax audits.
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Here Are Some Last-Minute Tips as the April 18 Tax Filing Deadline Approaches
If you’re scrambling to finish your taxes, it’s easy to overlook the forms needed for a complete and accurate return. Here are some of the most common mistakes.
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House Panels Probe Gov't Use of Facial Recognition Software
Two House committees have launched an investigation into the government’s use of facial recognition software.
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Who May Still Be Eligible for $1,400 Stimulus Checks With Their 2021 Tax Returns
Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.
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Op-Ed: Here Are Some Savvy Tax-Efficient Investment Strategies
High-net-worth investors have several options when it comes to tax-saving moves. Here’s a look at a few of them.
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How to Avoid a Tax Filing Rejection If Last Year's Return Is Still Pending
Is your 2020 tax return still pending? There’s a special step to follow when electronically filing your 2021 return, the IRS says.
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How to Avoid a 6-Figure Tax Penalty on Foreign Bank Accounts
If you have overseas financial accounts, you may need to disclose balances to the U.S. Department of the Treasury by April 15 or incur a steep tax penalty.
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There's a Tricky Cryptocurrency Question on Your Tax Return. ‘You're Playing With Fire If You Don't Report It.'
The IRS has issued a warning about how to answer the cryptocurrency question on the front page of your tax return. Here’s how to respond correctly.
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There Are 4 Weeks Until the Tax Deadline. What Filers Need to Know
There are four weeks until the federal tax deadline, which is April 18 for most Americans. Here’s what to know if you haven’t filed.
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Meet Erin Collins, National Taxpayer Advocate for the IRS
Erin Collins, the national taxpayer advocate, fights for systemic changes within the IRS. Here’s what to know about the Taxpayer Advocate Service.