Tax Topic 151 means that you're getting a tax offset, which is where the Department of Treasury will be taking your refund to pay for something you owe. The most common reasons for getting a tax offset are unpaid taxes, unpaid child support payments, andoffsets for Federal student loans i...
IRS Scrutinizes Tax Refund LoansSTEVE INSKEEP
TheIRS warnedon Tuesday that thousands of taxpayers could face criminal prosecution if they filed false tax returns for high refunds. In a press release, the IRS reiterated a warning not to fall for tax scams centered around the Fuel Tax Credit, Sick and Family Credit, and household ...
Tax Breaks After a Disaster Insurance didn't fully cover the damage from a disaster? You might be able to deduct your losses on your taxes. Kimberly LankfordJan. 10, 2025 How to Get Free Money as a Student From grants to scholarships to FAFSA, there are lots of ways to min...
Tax season officially begins today, as the IRS starts acceptingindividual tax returnsfor tax year 2023. Three-quarters (75%) of filers expect a refund, according to anew survey from Intuit Credit Karma, with more than a quarter (27%) of them predicting it will be larger than last year. ...
However, David Williams, the IRS' director of electronic tax administration, said the agency had no intention of banning the loans or even tax preparation companies' involvement in making them. It just wants to make sure the functions of selling the loans and preparing returns are separate so ...
Refrain from taking advice from "influencers" on social media who may lure you into using falsified information on your income tax return to get a large tax refund. This is considered fraudulent and could get honest taxpayers in trouble for falling for a social media post or trend. The IRS...
Trump's federal tax returns are released: Here's what we know The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity. Dec 30, ...
Lend someone money at zero interest, and you don't make any profit from the deal. Therefore, you might assume that the loan doesn't have any tax implications for you. In many cases, though, you'd be wrong. The tax code expects you to charge a certain amo
Consider using your tax refund to create anemergency fundif you don't have high-interest debt to pay off. This kind of reserve can help prevent you from taking on high-interest debt in the first place when something unexpected happens. Even a small emergency fund can save you from having ...