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.
Tags: IRS
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).
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.
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.
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.
Latest News
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).
The suspected Pakistani hackers have allegedly taken down the official website of Indian Revenue Service (IRS). The website of Income-Tax (I-T) Department, a part of IRS, was down on early Saturday (6 February) and the site is still offline.
Tax identity theft to conduct further fraudulence in claiming fake tax returns. Many identity thefts related fraud claims have been detected in 2015. The fraud efforts have prompted IRS to reshape fraud prevention measures. Though the new measures are invisible to taxpayers, but they too feel the unprecedented cooperation from IRS.
IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.
A bill that prohibits people with unpaid IRS loans from travelling is expected to become law very soon. The Federal government has been going after travelling people who are reporting their taxes incorrectly for a very long time, but now, they plan to apprehend those with unpaid IRS loans.
