TAX NEWS
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- Most retirees write four estimated tax checks a year without realizing the IRS offers a completely different accounting treatment for one type of December payment that retroactively satisfies every …
- Tax attorneys open Capitol Hill office to represent Front Range taxpayers facing IRS and Colorado Department of Revenue …
- More taxpayers have been applying for an "offer in compromise" since 2023, but the IRS has accepted far fewer requests. Tax experts are unsure why.
- He skipped depreciation for decades thinking it would lower his tax bill at sale, and the IRS has a brutal answer waiting for him. What the tax code does to landlords who never claimed a deduction …
- Overpaying taxes through the year can bring an unwanted refund, but underpaying them could bring penalties.
- Promoters may also urge taxpayers who previously claimed these fake credits to challenge the IRS during an audit. A federal tax return claiming a nonexistent Tribal Tax Credit contains a false claim, …
- IRS interest on an unpaid balance is pegged to the federal short-term rate and reset every quarter. When the Fed moves, …
- A surprise visit from an IRS agent is not something any American looks forward to and most taxpayers can rest easy. Here’s when it could happen though.
- The agency also explains in its official information on CP53 notices that, when it cannot deposit a refund, it may send it by mailed check. In that case, the IRS indicates that the check should arrive …
- The IRS quietly added a document to your online account that tells employers, lenders, and government agencies exactly how you have behaved as a taxpayer, and you may need to produce it before your …