Tag #Irs

Showing 85 to 96 of 148 results

cbsnews.com
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IRS Tax Debt and Social Security Garnishment

The IRS can garnish up to 15% of Social Security benefits for back taxes, but Supplemental Security Income (SSI) is exempt; tax relief services can help manage debt.

Progress

44% Bias Score

Reduced Inequality
euronews.com
🌐 85% Global Worthiness
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IRS Reports $9.1 Billion in Tax Fraud, Warns of Rising Scam Risks

The IRS reported $9.1 billion (€8.7bn) in fraud from financial and tax crimes in 2024, prompting warnings about various scams including fake refunds, ghost preparers, fake charities, smishing/phishing, back tax demands, social media scams, and schemes targeting non-English speakers and seniors.

Progress

16% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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When to Hire a Tax Attorney for IRS Issues

Taxpayers facing IRS audits, liens, significant tax debts, criminal charges, or international tax complexities should hire a tax attorney for legal representation and negotiation, unlike simpler tax situations best handled by accountants.

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52% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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IRS Staff Cuts to Cause Tax Refund Delays

President Trump's planned cuts to the IRS workforce of over 6,000 employees by the end of this week will likely lead to significant delays in tax refund processing, particularly for those filing near the deadline or requiring assistance; tax experts advise filing early and electronically to mitigate...

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Trump's IRS Overhaul: Budget Cuts and Staffing Reductions Spark Taxpayer Uncertainty

President Trump's proposed cuts to the IRS budget and staff threaten to slow tax return processing and reduce audits of wealthy individuals, creating uncertainty for taxpayers and potentially impacting tax revenue.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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IRS Tax Forgiveness: Requirements and Alternatives

The IRS Offer in Compromise (OIC) program allows taxpayers to settle tax debt for less than the owed amount; eligibility requires being current on filings, demonstrating financial hardship via IRS formulas, and not being bankrupt, but approval isn't guaranteed.

Progress

36% Bias Score

Reduced Inequality
us.cnn.com
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Acting IRS Commissioner Retires Amidst Staff Cuts and Data Access Controversy

Acting IRS Commissioner Doug O'Donnell retired Friday, leaving Melanie Krause, seen as sympathetic to Elon Musk's DOGE, in charge; nearly 7,000 IRS employees were fired last week, raising concerns about tax season and taxpayer data security.

Progress

48% Bias Score

Reduced Inequality
npr.org
🌐 75% Global Worthiness
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Tax Software vs. Professionals: Expert Advice for Tax Season

New York-based tax attorneys Hana Boruchov and Leo Gabovich offer advice on tax preparation, recommending tax software for simple returns and professional help for complex situations, also suggesting the Taxpayer Advocate Service for those with financial difficulties.

Progress

32% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Addressing Incorrect IRS Form 1099s: Prompt Action is Crucial

Taxpayers receiving incorrect IRS Form 1099s showing inflated income should promptly contact the issuer for correction, providing documentation; failure to do so may lead to increased audit risk and potential tax disputes, necessitating careful documentation of all interactions.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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IRS Tax Forgiveness: Requirements and Alternatives

The IRS Offer in Compromise (OIC) program allows taxpayers to settle tax debt for less than the owed amount; eligibility requires current tax filings, demonstrated financial hardship, and not being in bankruptcy; approval isn't guaranteed.

Progress

36% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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IRS Cuts Thousands of Employees Amidst Budget Cuts and Data Access Concerns

The IRS is cutting thousands of probationary employees, mostly from the Small Business/Self-Employed division, impacting the 2025 tax season; additional cuts and a hiring freeze are planned, along with a DHS request for IRS assistance with immigration enforcement and concerns regarding DOGE accessin...

Progress

44% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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IRS Offers First-Time Penalty Abatement Program

The IRS's First-Time Penalty Abatement (FTA) program forgives penalties (failure-to-file, failure-to-pay, failure-to-deposit) for taxpayers with clean tax histories, timely filings, and arranged payments for outstanding taxes, potentially saving thousands; those not qualifying might still get relief...

Progress

48% Bias Score

Reduced Inequality

Showing 85 to 96 of 148 results