Essentially, the incentive allows small businesses to collect up to $28,000 per employee annually (or $7,000 per quarter) if ...
The IRS has announced a plan to increase audits as a result of an uptick in tax fraud. Some taxpayers are more likely to be targeted than others. Here’s how to know where you stand. After the ...
“As I’ve said over and over again, there is no new wave of audits coming for middle- and low-income (taxpayers), coming for mom-and-pops. That is not in our plans in any way, shape or form ...
The CP14 form claims that individuals owe thousands of dollars to the IRS by June 24, in addition to penalties and interest ...
The IRS could raise more than $50 billion in revenue over the next decade by ending a major tax loophole for wealthy taxpayers, the U.S. Treasury Department said Monday. The guidance and ruling ...
IRS surveys showed 90% of users ranked their experience as excellent or above with most citing the program’s ease of use, trustworthiness, and that it was free. ©2024 Advance Local Media LLC.
A surging IRS tax penalty may soon cost some Americans billions of dollars. Thousands of Americans who pay their income taxes quarterly instead of through paycheck withholding could face a major ...
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit in an effort to narrow the tax gap, but it needs to use this new technology consistently and ...
The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such taxpayers ...
The Internal Revenue Service announced Monday its latest move to crack down on wealthy tax cheats – an ongoing effort boosted by funding received through the Democrat-backed Inflation Reduction Act.
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate, according to a new report. The GAO report ...