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IRS halts processing of pandemic-era tax credit amid fraudulent claims surge
A growing number of questionable claims are coming from small businesses who may or may not be aware that they aren’t eligible.
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The IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes
The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.
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IRS unveils ‘paperless processing initiative' for taxpayers. Here's what to expect
The IRS will offer digital correspondence for the 2024 season and aims to provide “paperless processing” for tax returns in 2025. Here’s what to know.
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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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How to Track Your Tax Return
There could be delays in getting your tax refund this year, but the IRS has a tool to track the status of your return.
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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.