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‘Paper Is the IRS's Kryptonite': Backlog of Returns Pile Up, Phone Delays Worsen
An IRS watchdog says customer service issues are worsening at the tax-return-processing agency. A new report from the National Taxpayer Advocate says taxpayers are experiencing longer wait times on the phone, there’s an even bigger backlog of paper returns than there was a year ago, and delays in processing paper returns have been running six months to one year. The...
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2022 Tax Day is Here. What Happens if You Miss The Deadline? Here's What to Know
The 2022 tax deadline is officially here: Tuesday, April 19 is the final day to file your 2021 taxes in Massachusetts. Tax Day generally falls on April 15 but was delayed to April 18 this year because Emancipation Day, a holiday observed in Washington, D.C., was celebrated on the 15th. In Massachusetts, residents get an additional day to file their…
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2022 Tax Day: Need to File For a Tax Extension? Here's What to Know
If you need more time to complete your 2021 returns, here’s what you need to know about requesting a tax extension, deadlines to file and how to check your refund status.
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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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Some Countries Do Your Taxes For You. Here's Why the US Doesn't
Imagine a world where the government filed your taxes for you for free and all you had to do was sign off on it. This is the way it’s done in some European countries, Denmark, Sweden, Spain, the United Kingdom. It’s called Ready Return. Here in the U.S., we aren’t so lucky. Americans on average spend 13 hours and...
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Why You Have a Slim Chance of Getting Audited This Tax Season
Only 1 out of every 225 tax returns are inspected by an IRS agent, so your odds of getting audited are low, NBCLX Political Editor Noah Pransky says. He explains how the agency has been underfunded over the past several years and why audits are more likely for low-income taxpayers.
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In Many Countries, the Government Files Your Taxes. Why Not in the US?
In Denmark, the UK, Spain and elsewhere, the government fills out your tax return for you, and you only have to sign off on the information in it. But in the U.S. we often rely on private companies to help us file our taxes; according to IRS data, the average American spends 13 hours and $240 to file their taxes....
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Will the IRS Audit You in 2022? 3 Major Factors to Know
Tax Day 2022 may be the last thing you want to think about right now, but here’s one fact to put your mind at ease: You probably won’t get audited. The number of tax returns reviewed by the Internal Revenue Service (IRS) is far lower today — particularly for wealthy Americans — than it was a decade ago, according to...
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Here's How Easy it is to Track Your Tax Return
Tax season is here and many people could see a delay in seeing their tax refund this year. Luckily, the IRS has an online tool called “Where’s My Refund” that helps taxpayers track the status of their tax return. Betsy Badell and Rob Michaelson explain what it does and what changes you can expect this year. Rob: Betsy, getting...
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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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IRS Customer Service Line Receiving Record High Calls: How To Get Off Hold
The IRS’ customer service phone number is experiencing long wait times as taxpayers await refunds. How to get off hold and get answers to questions.
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IRS Hits Pause on Child Tax Credit Filing Portal. Here's Why and How It Affects You
The White House temporarily took down its Child Tax Credit online tool until the end of this tax season due to confusion the tool has caused.
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We Brought in TikTok's Favorite Tax Pro to Answer Your Questions
Duke Moore loves talking taxes on Tiktok (@dukelovestaxes). We brought him in to answer your questions about the approaching tax season — like whether you need to claim your cryptocurrency gains or write off those losses.
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5 Things to Consider When Filing Taxes in 2022
Child tax credits, stimulus checks and everything else you need to think about before you send your forms to the IRS.
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Taxpayers Face Overloaded IRS as Filing Season Opens Monday
U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.
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Tax Season Begins Jan. 24 — Over 2 Weeks Early Due to COVID, IRS Funding
This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year
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Don't Forget to Declare Income From Stolen Goods, Illegal Activities, IRS Says
In practice, it’s rare for those who break the law to then turn around and dutifully log their ill-gotten gains for the government to review. But there are exceptions.
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Child Tax Credit Payments: What to Expect in 2022
The last round of monthly Child Tax Credit payments will arrive in bank accounts on Dec. 15. Here’s what to expect from the IRS in 2022.
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IRS Seized $3.5 Billion in Cryptocurrency This Past Year, Agency Says
Almost all of the money seized by the Internal Revenue Service’s Criminal Investigation unit over the past fiscal year was in cryptocurrency, the agency announced Thursday.
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White House, Democrats Tangle Over Biden Bid to Raise Taxes
Don’t focus on the bottom line. That’s President Joe Biden’s message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy, Biden is trying to persuade Democrats to look past specific numbers and embrace a more emotional argument that the plan is fair.