Recent Articles
Taxpayers are being asked by IRS Criminal Investigation to expose the following scam.
IRS-CI will post information about tax fraud on its social media platforms during National Consumer Protection Week, which runs from March 5 to 11. The IRS Criminal Investigation unit will spend National Consumer Protection Week educating taxpayers about some of...
A new law makes Roth 401(k) accounts more popular.
Starting in 2023, a participating employee who is 50 or older can contribute up to $30,000 or up to $22,500 in elective deferrals. Numerous individuals are underestimating the existence of the Roth 401(k). It was introduced as an alternative to...
Werfel’s nomination approved by Senate Committee to lead the IRS.
The committee approve his nomination with a 17-9 bipartisan vote. His confirmation will now be a vote on by the entire Senate. The nomination of Danny Werfel to lead the IRS was approved on Thursday by a vote of 17...
The average tax refund is 11% lower than last year, according to the IRS
According to IRS data for the week ending February 17, the average refund is $3,140, a decrease of 11.2%, or $396, from the previous year. The end of pandemic-era stimulus programs is affecting tax refunds. According to IRS data for...
The IRS and Treasury have finalized the rules for electronic filing for businesses.
The final regulations incorporate Taxpayer First Act amendments that strengthen e-filing requirements. The IRS and the Treasury Department issued final rules on 23rd February 2023 requiring businesses to file returns and other documents online beginning in 2024. Participants who file...
The IRS has extended the tax deadline in three states to October 16 for taxpayers affected by natural disasters.
Most of California, as well as parts of Alabama and Georgia, received tax filing and payment relief. The IRS announced on February 24 that the deadline for filing various federal individual and business tax returns as well as making tax...