Donald J. Trump announced in December he wants former Missouri congressman Billy Long to lead the Internal Revenue Service. While Long is expected to be approved given the Republican majority in the Senate, he has some issues that will be raised during his confirmation... Read more → Posted...
then send stimulus checks — three times — to the vast majority of Americans during the pandemic. …Yet House Republicans made it their first priority this year to pass legislation slashing IRS funding, which would worsen the agency’s problems — and the service it provides Americans...
IRS forms are documents that individuals and businesses use to report all financial activities to the federal government for purposes of calculating their tax liability.
And some taxpayers could end up owing more in 2024, such as if they took on a side gig last year to offset the impact of inflation and didn't pay quarterly self-employment taxes. And there are other issues that could lower your refund, such as families with teenage children who aged ou...
How do I speak to someone at the IRS? If you received a tax notice and need to speak with someone about it, call the phone number on the notice. For other concerns, you can call an IRS customer service representative from 7 a.m. to 7 p.m. (local time) Monday through Friday. The...
It’s common for Americans living and working overseas to overlook their tax obligations—many don’t even know they have to file U.S. taxes. If you’re a U.S. citizen abroad who has never filed a tax return, you’re in luck — the IRS understands it’s a confusing topic and ...
In fact, the U.S. tax system is designed to be progressive, meaning that lower-income Americans pay a smaller share of their income in federal taxes than high-income workers, noted Alex Muresianu, senior policy analyst at the Tax Foundation, a think tank focused on tax issues. ...
The IRS Fresh Start program makes it easier for taxpayers to qualify for tax debt relief. However, it can still be a slow and painful process. If you are struggling to pay your taxes, you’re not alone. Millions of Americans owe back taxes and experience the headaches that come with tax...
The IRS is continuing to deal with massive tax filing backlogs so PATH is only one reason things are delayed. Further, just because the PATH act has lifted, don’t assume your return and refund was approved. There could be other processing issues (e.g. your claimed credits didn’t ...
For the 2024 tax year, use Form 1040-ES to calculate and submit payments by the following dates: April 15, 2025: First quarter payment June 17, 2025: Second quarter payment (also the filing deadline for Americans abroad) September 16, 2025: Third quarter payment January 15, 2026: Final ...