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What Happens If You Amend Your Tax Return?

Taxpayers may need to file an amended return if they discover that they made mistakes, such as failing to report income, claiming deductions or credits incorrectly, or making other errors that affect the amount of tax owed or the amount of refund due.

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Time To Say Goodbye To Income Taxes? Examining The National Consumption Tax

The FairTax Act of 2023 proposes replacing current taxes with a national consumption tax.

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How To Set Up A Payment Plan With The IRS

Wondering if it’s still possible to arrange a payment agreement with the IRS before the 2023 tax deadline? The answer is yes. giving a taxpayer the opportunity to pay their taxes on a timeframe set by the government, saving them from penalties and other fees.

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IRS Pledges More Audits Of The Wealthy And Better Customer Service

The agency’s newly released strategic operating plan lays out the specifics of how the IRS will allocate the $80 billion or improved operations, through fiscal year 2031, that was approved in that legislation.

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IRS Says Average Tax Refund Is 11% Smaller Than Last Year – Here’s Why

The Internal Revenue Service is reminding taxpayers to brace for a smaller refund this year. The average refund check so far this year is worth $2,933 – about 11% lower compared to the $3,305 average recorded last year.