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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 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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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.
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Tax Return Backlog Will ‘Absolutely' Clear by End of 2022, Says IRS Commissioner Charles Rettig
IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.
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46% of Taxpayers Plan to Save Their Refunds This Year
So far, the average tax refund is $3,401, nearly 14% higher than last year, according to the IRS.
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Bipartisan Group of Lawmakers Pushes IRS for Answers on ‘Numerous Problems' Facing Taxpayers
A group of bipartisan lawmakers is pressing the IRS for answers regarding “numerous” concerns amid a challenging tax season.
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IRS Plans to Hire 10,000 Workers to Tackle Backlog of 20 Million Unprocessed Returns
The IRS plans to hire 10,000 workers to help tackle a massive backlog of over 20 million unprocessed returns.
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IRS Plans to Hire 10,000 Workers to Relieve Massive Backlog
The IRS is announcing plans to hire 10,000 new workers to help reduce a massive backlog that the Biden administration says will make this tax season the most challenging in history