Nearly 940,000 taxpayers could be in for an exciting surprise as they may receive extra tax refunds from the IRS.
Tags: IRS
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!
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.
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.
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.
Latest News
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.
UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.
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.
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.
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.
The IRS Commissioner Daniel Werfel promises rapid implementation of the new 2024 Tax Relief Act and eligibility mirroring existing guidelines.
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.
The Internal Revenue Service (IRS) announced on Tuesday a penalty relief for individuals who failed to pay their taxes on time during the pandemic.
The annual inflation adjustments for a number of provisions for the year 2017 including tax rate schedules, tax tables, and cost-of-living adjustment for particular tax items have been announced by the Internal Revenue Service (IRS).
