Tag Archive for: internal revenue services

Do IRS Cuts Mean You Can Make Mistakes With Your Taxes In 2025? Some Taxpayers Think So

Many taxpayers feel less concerned about errors on their taxes this year, given the cuts at the IRS and the overall perception of a disorganized federal workforce. However, despite the ongoing IRS staff reductions, experts caution taxpayers not to take risks with their returns.
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What Is A Silver IRA And How Does It Work?

Silver IRAs are approved by the Internal Revenue Service and are a great way to diversify your retirement savings. With a silver IRA, you can purchase physical silver coins and bars, or you can purchase silver ETFs or mutual funds.
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3 IRS Deductions You Can’t Take This Year, Experts Warn

Before you file, you'll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can't take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE
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Why Do I Owe Taxes This Year? Six Reasons You May Not Get A Refund

Many financial experts are warning that refunds will be smaller. You may even find yourself owing money instead of getting some back. There are mulltiple reasons you may not get a refund this year. For six common reasons some people could owe money to the IRS, CLICK ON THE HEADLINE
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‘Early Filers Should Wait To Submit Their 2023 Tax Return,’ The IRS Warns. Here’s Why.

The IRS has a warning for early filers: “You need to wait for key documents before submitting your tax return. A little extra caution could save you time and effort.” CLICK ON THE HEADLINE FOR MORE
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Over 60 Million Tax Returns Could Be Completed Automatically, Study Shows

The IRS may have the ability to automate nearly half of tax returns, according to a paper from the National Bureau of Economic Research. The findings show the agency could correctly auto-fill an estimated 62 million to 73 million returns with information it already has, covering 41% to 48% of taxpayers. CLICK ON THE HEADLINE FOR MORE