By Sam Becker April 07, 2023 If you’re one of the millions of U.S. taxpayers who have waited months or years to speak with an IRS agent, get an update on your filing status, or receive a refund, the tax man has some good news for you. The Internal Revenue Service (IRS) … Continue reading IRS says it’s doing these 5 things to make filing taxes less painful, but don’t expect miracles overnight
By Sam Becker April 03, 2023 As some industry leaders call for a “pause” on AI developments, many companies are going full-speed ahead, implementing new AI tech into existing products and services. That includes TurboTax, one of the largest tax-preparation service providers in the country. TurboTax is experimenting with a new AI-driven “express … Continue reading File your taxes in 10 minutes? TurboTax says it’s possible with AI-powered ‘express lanes’
By Connie Lin March 22, 2023 If 2021 was the year that non-fungible tokens (NFTs) shot to the moon, and 2022 was the year they crashed back down to Earth, then 2023 might be the year that government officials finally begin to sift the wreckage. Regulatory bodies are zeroing in on crypto crimes like … Continue reading The IRS is confused about how to tax NFTs, and it needs your help
By Emily Guy Birken February 25, 2023 The large tax refund is one of the few universally agreed-upon personal finance sins. Getting a fat check back after filing your taxes is “giving Uncle Sam an interest-free loan,” according to the experts who like to wag their fingers from January to April each year. … Continue reading In praise of the large tax refund
By Michael Grothaus February 16, 2023 The 2023 tax filing season is in full swing. The Internal Revenue Service (IRS) began accepting 2022 tax returns on January 23, and the season runs until April 18 this year. As usual, taxpayers are being encouraged to get their returns in as soon as possible in order … Continue reading IRS is sending out a lot more payments, but the average tax refund amount is smaller
By Talib Visram December 28, 2022 In May, Mike Pence wrote a scathing op-ed against the Environmental, Social, and Governance (ESG) movement in the Wall Street Journal. He railed against asset managers prioritizing investments in socially and environmentally responsible companies, saying the practice interferes with the free market and actively hurts fossil fuel companies. … Continue reading Anti ‘woke’ ESG policies are already costing taxpayers millions
By Christopher Zara September 14, 2022 Our long national nightmare may not be over yet for millions of Americans who are still waiting for the Internal Revenue Service (IRS) to process their tax returns, but at least help is on the way. That’s the newest message from Erin Collins, the national taxpayer advocate, who … Continue reading IRS paper backlog and horrendous phone service are top priorities with new funding, TAS says
The IRS will let taxpayers authenticate their identity without using facial recognition But the alternative is having a live, virtual interview that may not be ideal either. M. Moon @mariella_moon Khosrork via Getty Images Taxpayers in the US don’t have to use facial recognition or any kind of biometric data to access their accounts … Continue reading The IRS says it accidentally exposed confidential information involving 120,000 taxpayers
By Christopher Zara July 15, 2022 The Internal Revenue Service (IRS) has declined to add critical information to its so-called math error notices that would make them easier to understand, despite the letters being called out by the Taxpayer Advocate Service as “vague and confusing,” a new report has revealed. At the end … Continue reading IRS refuses to fix controversial ‘math error’ notices that have baffled millions of taxpayers
By Sam Becker June 06, 2022 Uncle Sam is feeling invigorated! After several years of taking a relatively lax approach to auditing wealthy taxpayers, the Internal Revenue Service (IRS) has evidently turned a new leaf under the Biden administration. As such, it’s stepping up enforcement, and has doubled audit rates for … Continue reading IRS audits are on the rise: Your chances are now double if you’re in this income range
