IRS Tax Refunds Scam: Beware Of Fake IRS Letter Trying To Steal Your Identity

The IRS issued a statement explaining what to look out for with the latest tax scam that is being used to steal people's identities. The aim of the scam is to make people believe that they are owed a tax refund by the IRS, when they're not.

Joe Biden Lays Out New Student Debt Relief Plan After Supreme Court Ruling

The 6-3 decision from the Supreme Court dealt a blow to an estimated 40 million borrowers who had hoped the $430bn plan would allow the 2003 Heroes Act to help curb the ongoing costs of their education. President Biden promised to now turn to the Higher Education Act of 1965 to restore student debt relief and to enact a 12-month repayment program.

IRS Weighs Guidance For Small Business Tax Credit. ‘People Were Duped,’ Taxpayer Advocate Says

The IRS warned business owners about “third parties” promoting the employee retention credit in October and recently renewed its warning by adding the issue to its annual list of Dirty Dozen tax scams for 2023.

Key Things To Know As Supreme Court Nears Decision On Biden’s Student Loan Forgiveness

If the justices greenlight President Joe Biden’s relief, many borrowers will immediately get $20,000 of their student debt cancelled – if they’d received a Pell Grant in college, a type of aid available to low-income families – and as much as $10,000 if they didn’t.

This One-Time Strategy Can Waive IRS Tax Penalties. ‘It’s Like A Get Out Of Jail Free Card,’ Expert Says

Described like a 'Get Out Of Jail Free Card', this lesser-known first-time penalty abatement may waive IRS fees in certain situations, tax pros say. However, there are specific IRS guidelines to qualify for penalty relief.

How To Prepare For The Return Of Student Loan Payments

The agreement negotiated between President Biden and House Speaker Kevin McCarthy to raise the debt ceiling stipulates that student loan payments would resume around Sept. 1, Since many people have gone three years without factoring student loan payments into their budgets, and the change could be jarring.