While the government is expected to announce 2023 tax brackets in November, it has to be noted that the figures will be based on the monthly average of Consumer Price Index changes for the latest fiscal year, which is between October 2021 and September 2022. CLICK ON THE HEADLINE FOR MORE
Congress is pouring a whopping $80 billion into the IRS over the next 10 years to beef up the nation’s tax collection system. Does this mean the tax cops are more likely to be on your tail? In fact, it might make the whole business of paying your taxes easier and better, maybe even reduce the amount all of us have to pay. CLICK ON THE HEADLINE FOR MORE
00ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2022-09-19 15:38:042022-09-19 15:38:04The IRS Is Getting A Lot More Money For Audits. Should You Be Worried?
At one point or another, tax filers found themselves wondering the same thing: “If the IRS knows how much I owe, why do I have to calculate this myself?” For many, that leads to a second question: “Why am I paying a middleman to help me file?” The U.S. government is wondering the same thing. CLICK ON THE HEADLINE FOR MORE
00ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2022-09-05 17:51:182022-09-05 17:51:18Could The IRS Let Everyone File Taxes For Free? Why Congress Is Considering Cutting Out The Middlemen
A stark message was just delivered by Federal Reserve Chair Jerome Powell: “The Fed will likely impose more large interest rate hikes in coming months.” He also warned more explicitly than he has in the past that the Fed’s continued tightening of credit will cause pain for many households and businesses. CLICK ON THE HEADLINE FOR MORE
As of Aug. 5, there were 9.7 million unprocessed individual 2021 tax returns, according to the IRS, with 1.8 million requiring error correction or other special handling. The IRS is working to clear its backlog but there’s a little good news if you’re missing a refund: You may be earning interest on your unpaid balance. CLICK ON THE HEADLINE FOR MORE
00ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2022-08-22 17:33:582022-08-22 17:33:58IRS Interest Rates Jump To 6% On Oct. 1. Here’s How Much Money You’ll Get For A Missing Refund
IRS Tax Bracket 2023: How Will Inflation Affect Refunds?
While the government is expected to announce 2023 tax brackets in November, it has to be noted that the figures will be based on the monthly average of Consumer Price Index changes for the latest fiscal year, which is between October 2021 and September 2022. CLICK ON THE HEADLINE FOR MORE
The IRS Is Getting A Lot More Money For Audits. Should You Be Worried?
Congress is pouring a whopping $80 billion into the IRS over the next 10 years to beef up the nation’s tax collection system. Does this mean the tax cops are more likely to be on your tail? In fact, it might make the whole business of paying your taxes easier and better, maybe even reduce the amount all of us have to pay. CLICK ON THE HEADLINE FOR MORE
Could The IRS Let Everyone File Taxes For Free? Why Congress Is Considering Cutting Out The Middlemen
At one point or another, tax filers found themselves wondering the same thing: “If the IRS knows how much I owe, why do I have to calculate this myself?” For many, that leads to a second question: “Why am I paying a middleman to help me file?” The U.S. government is wondering the same thing. CLICK ON THE HEADLINE FOR MORE
The Fed Could Keep Lifting Rates Sharply ‘For Some Time’
A stark message was just delivered by Federal Reserve Chair Jerome Powell: “The Fed will likely impose more large interest rate hikes in coming months.” He also warned more explicitly than he has in the past that the Fed’s continued tightening of credit will cause pain for many households and businesses. CLICK ON THE HEADLINE FOR MORE
IRS Interest Rates Jump To 6% On Oct. 1. Here’s How Much Money You’ll Get For A Missing Refund
As of Aug. 5, there were 9.7 million unprocessed individual 2021 tax returns, according to the IRS, with 1.8 million requiring error correction or other special handling. The IRS is working to clear its backlog but there’s a little good news if you’re missing a refund: You may be earning interest on your unpaid balance. CLICK ON THE HEADLINE FOR MORE