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IRS: Tax-Exempt Interest Income Grew 2% in 2001, a Slowdown From 2000.Ferris, Craig T
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
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter. May 17, 2024 Here's how to get a tax extension from the IRS in 2024 If you're one of the millions of taxpayers who delay their...
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The table below shows key dates and events for filing tax returns and paying taxes with the IRS. You can jump to FAQs and past tax year schedules in the sections below. 2025 Tax Filing Schedule for Returns & Extensions The IRS has confirmed it will start
Learn more about the latest tax news from the IRS with these posts from PriorTax. Our team focuses on the news that is important to you.
The IRS offers payment plans and installment agreements that can help manage your tax liability. These plans allow you to pay over time, although penalties and interest will still accrue on the unpaid balance. Importance of Filing for an Extension...
Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and lo...
The IRS has both short-term and long-term installment plans to help taxpayers square their accounts. You’ll still have to pay some interest and penalties, but you'll avoidmore serious consequences. If you’re drowning in tax debt, you can apply foran offer in compromise (OIC), which allo...