Tag Archive for: internal revenue service
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
Tax Professionals ‘Horrified’ By IRS Decision To Destroy Data On 30 Million Filers
The IRS destroyed data for an estimated 30 million filers in March 2021, according to the Treasury Inspector General for Tax Administration The decision, prompted by a backlog of paper filings, has sparked anger in the tax community. CLICK ON THE HEADLINE FOR MORE
How To Keep Your Tax Return From Getting Hung Up
This year you really want to avoid extra IRS scrutiny. Being understaffed and overwhelmed, even a tiny mistake could delay your refund for months. To avoid tax hassles, the best approach is to be careful, thorough and digital when you file your return. CLICK ON THE HEADLINE FOR MORE
Three Changes For The 2022 Tax Season
The IRS has yet to announce an official start date to the 2022 tax season, but it typically begins accepting tax returns by the end of January. For what you need to know and how you can prepare for the changes, CLICK ON THE HEADLINE.
Five Last-Minute Moves To Save On Taxes
if you're really savvy about your finances, you'll make moves that take into account your future tax liabilities and to boost your refund from Uncle Sam next spring as well as years to come. CLICK ON THE HEADLINE FOR MORE