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As a member of theSecurity Summit, the IRS has worked with state tax agencies and the nation’s tax industry for nine years to cooperatively implement a variety of internal security measures to protect taxpayers. The collaborative effort by the Summit partners also has...
Dive into recent news and court opinions on insolvency taxes, including developments in bankruptcy regulations and IRS guidance. Stay informed on Tax Notes!
Get your federal tax refund fast Not only have we tried to make it as painless as possible to prepare and file your return, filing electronically will also get your tax refund much faster. After all, it's your money. Why wait any longer than necessary to get it back. ...
SEP-IRAs, which have higher maximum contribution limits,do notallow additional catch-up contributions like the other tax-advantaged retirement plans discussed above. Is it a bad idea to take money out of my 401K or IRA before retirement age?
In these tough economic times it could be a lot of money. Maybe it’s from years of back income taxes, unpaid payroll taxes or an inheritance tax. If you’re a business owner you could have ended up owing taxes because you were just trying to feed your family and couldn’t make ends...
Get your federal tax refund fast Not only have we tried to make it as painless as possible to prepare and file your return, filing electronically will also get your tax refund much faster. After all, it's your money. Why wait any longer than necessary to get it back. ...
Learn more about the IRS' multilingual tax resources and interpretation services. Disaster victims: 866-562-5227 Learn more about getting financial help after a disaster. Estate and gift tax questions: 866-699-4083 Learn more about inheritance tax and estate tax. Excise tax questions: 866-699-40...
"individual retirement arrangements," that term is meant to broadly represent a wide variety of individual retirement accounts, individual retirement annuities, and other trusts or custodial accounts that act as a personal savings plan that provides tax advantages for setting aside money for retirement....
of the tax year is considered taxable income, even if the person has not cashed that check by the year’s end. Likewise, income that is received by an agent of a taxpayer on their behalf is considered taxable, even if that third party has not yet handed the money over to the taxpayer...