Tag Archive for: internal revenue service

How Long Can The IRS Pursue Unpaid Taxes?

The IRS operates under specific rules, and understanding the timeline for tax collection is more complex than you might think. It’s crucial to know the details if you’re considering waiting out your tax debt.

IRS Warns On Social Media Tax Credit Scam

In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.

A Guide To Income Tax Refund Loans

Tax refund loans can serve as a lifeline for people who need immediate access to cash but are waiting for their tax refunds to be processed. Learn how they work and the pros and cons if you decide to get one.

2024 Tax Refund Schedule: When Will You Get Your Payments This Tax Season?

The IRS has been processing tax returns more quickly this year. It's important to note, however, that the IRS Tax Refund Schedule 2024 lists additional conditions that may affect the timing of tax refunds, including how quickly you submit and whether you are seeking certain credits.

Tax Season Is Officially Here, And So Are Three Popular Scams To Steal Your Money And Identity

With the start of tax season comes tax scams aimed at stealing your identity and your money. As technology advances so do the scams, so it's important to be aware of all possible threats. There are 3 tax scams you need to be aware of.
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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.