The IRS to Provide $1 Billion in Penalty Relief to Nearly 4.7 Million Taxpayers
The IRS has announced new penalty relief to assist approximately 4.7 million individuals, businesses, and charitable organizations. This is a major step to assist those who owe back taxes but
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2024 Tax Brackets & Standard Deduction Adjusted For Inflation
Each year, the IRS adjusts the standard deduction, tax brackets, and other tax breaks to compensate for inflation. Last week, they released their numbers for tax year 2024, which means
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IRS Hits Paperless Processing Milestone Ahead of Schedule
When the IRS announced its Paperless Processing Initiative in August, it set a lofty goal of allowing taxpayers to digitally submit all correspondence, non-tax forms, and responses to notices by
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Tax Scam Warning: Beware of Fake Emails
Last week, the IRS launched its annual “Dirty Dozen” list of tax scams with a staunch warning about aggressive marketing around Employee Retention Credits. It’s just one of the twelve
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IRS Inflation Adjustments For Tax Year 2023
On Tuesday, the IRS announced that it’s making adjustments to more than 60 tax provisions due to inflation. These changes could result in tax savings for many people next year.
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IRS to Issue $1.2 Billion in Tax Penalty Refunds
The IRS plans to send 1.6 million taxpayers more than $1.2 billion in tax penalty refunds or credits by the end of September.
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IRS Updates Where’s My Refund? Tool
You can now check the refund status of the past three year's tax returns using the IRS "Where's My Refund?" tool.
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