Note that as in previous years, if you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC)your refund may have been delayed beyond the standard processing times due to thePATH actprovisions. This is to allow for fraud and dependent verification on these de...
MORE LIKE THISTax formsTax preparation and filingTaxes Need your tax transcript? You can easily get a free copy by creating or logging into your online IRS account. [1] You can also get tax transcripts from the IRS by making a request via phone or mail, but the agency's online portal ...
The IRS could audit your previous years’ taxes, which may result in an additional tax liability. While the IRS typically audits returns filed within the last three years, it’s better to get ahead of any potential issues. Mistakes happen and they can be easily fixed by amending your...
000 taxpayers. Today, theAssociated Pressand other news outletsreportedthat the IRS is now revising those figures, estimating that an additional 220,000 potential victims had Social Security numbers and information from previous years’ tax filings...
Tags: business tax returns, IRS, January 15 2025, tax, tax season 2025, tax year 2024 returns, taxes Low-Income Taxpayer Clinic program marks 25 years of helping taxpayers Saturday, December 28, 2024 Life is tough for lots of people. Unfortunately, that’s true even during, or because...
If you’ve committed any kind of crime that involves a significant amount of money, chances are high that the IRS is going to be involved in some capacity. It doesn’t matter if this crime involves taxes in any way; if there’s money involved, so’s the IRS. ...
Even the most enlightened citizen curses taxes, possibly while simultaneously acknowledging that they're the price of a civilized society.
If you owe more than $50,000 in taxes If the amount of tax you owe at the time you request an installment agreement exceeds $50,000, you’ll need to provide the IRS with additional information about your personal finances. In this situation, you must request the payment plan on Form 94...
The decision is a reversal of a 2019 opinion from the same office, which was then under the direction of the Trump administration. The new opinion states that the previous decision, which concluded the House committee request was "disingenuous," had failed to take into account that Congress is...
In 2025, taxpayers will get a higher standard deduction, although the increase will be smaller than in previous years. The IRS adjusts standard deduction amounts each year for inflation. You can use the Tax Withholding Estimator to ensure you’re withholding the correct taxes from your paycheck...