Tag #Irs

cbsnews.com
🌐 75% Global Worthiness
News related image

Tax Relief Services: Reducing Tax Debt Through Expert Negotiation

Tax relief services help reduce tax debt through Offer in Compromise negotiations, penalty abatement, installment agreement optimization, and strategic tax return review, providing valuable expertise most taxpayers lack when dealing with the IRS.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
News related image

IRS Removes Sections of Internal Revenue Manual Following Trump's DEI Executive Order

Following President Trump's executive order targeting DEI initiatives, sections of the IRS Internal Revenue Manual (IRM) have been removed, impacting access to information on Offers in Compromise, the Large Business and International division, and programs serving diverse taxpayers, including the Ta...

Progress

32% Bias Score

Reduced Inequality
nbcnews.com
🌐 75% Global Worthiness
News related image

Accurate Tax Forms Prevent IRS Audits and Delays

To avoid IRS audits and ensure timely tax refunds, taxpayers must match income reported on forms like W-2s and 1099s with IRS records. Many forms arrive in January, but some may be delayed until February or March, necessitating proactive organization.

Progress

36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

IRS Tax Extensions: Deadline, Implications, and Future Trends

The IRS offers tax extensions until October 15th for filing, but taxes are due April 15th; millions utilize this option annually, reflecting difficulties with timely filing; understanding the rules is critical to avoid penalties.

Progress

32% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
News related image

2024 Tax Season: Key Changes and Deadlines

The IRS started accepting 2024 tax returns on January 27th, with an April 15th deadline; key changes include expanded free filing options, updated tax brackets, and a modified threshold for reporting digital payments exceeding $5,000.

Progress

36% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
News related image

Trump's Executive Orders to Delay Tax Refunds

President Trump's executive orders mandating a return-to-office policy and imposing a hiring freeze on federal employees will likely delay tax refunds this year, impacting the IRS's ability to process returns efficiently due to reduced staffing and operational challenges.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

IRS Solutions for Taxpayers Owing Over $10,000

Facing over \$10,000 in back taxes? The IRS offers installment agreements, Offers in Compromise, and Currently Not Collectible status. Taxpayers may also pursue penalty abatement or utilize a tax relief service for expert negotiation and efficient debt resolution.

Progress

40% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
News related image

Child Tax Credit Filing Errors Cause Refund Delays

The 2024 Child Tax Credit (CTC) offers up to \$2,000 per qualifying child under 17, but common filing mistakes, such as missing Social Security numbers or misunderstanding eligibility rules, cause delays in receiving refunds; the IRS aims to provide updates on the Where's My Refund portal by Februar...

Progress

44% Bias Score

No Poverty
cnbc.com
🌐 75% Global Worthiness
News related image

2024 Tax Season: High-Yield Income and Filing Implications

The IRS opened the 2024 tax season, with the April 15 deadline approaching; high-yield savings account income is taxable as ordinary income, while investors in partnerships await Schedule K-1 forms for tax reporting.

Progress

40% Bias Score

Reduced Inequality
cnnespanol.cnn.com
🌐 75% Global Worthiness
News related image

IRS Opens 2024 Tax Season: April 15th Deadline, Expanded Free Filing

The IRS opened for 2024 tax returns on Monday; the deadline is April 15th, with extensions available for disaster areas or via automatic six-month filing extension (payment still due April 15th); free filing is expanded to 25 states and taxpayers with AGI under $84,000.

Progress

32% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
News related image

Unpaid Taxes: IRS Actions and Available Solutions

In 2024, hundreds of billions of dollars in back taxes are owed to the IRS; if you owe but cannot pay, the IRS will send a bill with penalties and interest, potentially escalating to liens, levies, and legal action unless you utilize payment plans, Offers in Compromise, or Currently Not Collectible ...

Progress

40% Bias Score

No Poverty
forbes.com
🌐 85% Global Worthiness
News related image

IRS Restricts Taxpayer Appeals, Shifting Dispute Resolution to Courts

The IRS finalized regulations on January 15, 2025, preventing its Independent Office of Appeals from reviewing taxpayer challenges to IRS guidance, forcing taxpayers to litigate in federal courts, starting February 14, 2025.

Progress

44% Bias Score

Peace, Justice, and Strong Institutions