The IRS collects 96 percent of all federal revenue, with around 85 percent of taxes owed paid voluntarily and on time, notes the IRSAC report. But while 85 percent is not a bad compliance rate, it’s been stuck at that level for two decades. That means the IRS needs to... Read ...
If you have an IRS tax debt or owe the back IRS taxes, finding tax resolution may seem impossible. However, there are a number of possible ways for you to get tax relief. Whether it is through arguing the amount owed, negotiating a settlement through an offer in compromise, obtaining a ...
What Filing Status Should I Use for My State Taxes? Generally, taxpayers will claim the same filing status on their federal and state returns when they file. Sincestate tax returnsare primarily based on a federal return, this filing status is selected by default on eFile.com and most taxpayer...
Direct File allows eligible taxpayers the opportunity to file their taxes directly with the IRS, using software built by the agency. Direct File works on mobile phones, laptops, tablets, and desktop computers. SEE ALSO: 'Nobody is immune': Don't fall for a Bitcoin ATM scam The...
In order to claim any losses from disasters or thefts, itemize your deductions on your income taxes. When you prepare your return on eFile.com, enter all your itemized deductions and eFile will determine if it is more beneficial for you toclaim the standard deduction or itemize deductions. The...
As technology has advanced and become more and more integrated into daily life, the potential for technology-based crime has also increased. Hence, the IRS has built a Cyber Crimes Unit to address this issue. On page 10 of their 2018 annual report, they state that the purpose of the CCU ...
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Time to claim $1B in tax refunds dwindles: A state-by-state breakdown The IRS says 1 million people face a May 17 deadline to submit their tax returns for unclaimed refunds for the 2020 tax year. Collectively, the refunds are worth more than $1 billion. Politics May 14 IRS warns thou...
I've been doing my taxes on my own for several years, but I always felt I was getting short change. I took a chance with Business Master and my return increase over $400.. Highly recommended chiludo smith John is both extremely knowledgeable and passionate about his work. I do highly ...
After filing a Power of Attorney, we will work with the IRS and/or State tax authorities to determine a potential plan for you. TAX RESOLUTION Negotiate with the IRS and/or state based on our investigation, in Step 2. We will also work with you to keep you compliant with your taxes go...