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Michael Faulkender, the fourth interim leader since January, promises modernization of the tax agency’s systems in two years.
1️⃣ Stuck in limbo: The uncertainty alarms a lot of people, including a Florida man who was diagnosed with early onset ...
Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of fiscal year 2023, according to IRS ...
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Daily Express US on MSNIRS can seize your social security, property, and paycheck once a yearThe IRS can seize your social security, property, and paycheck once a year if you fail to pay your taxes. Here's what you ...
Nearly 75 million Americans have already received their annual tax refunds from the Internal Revenue Service (IRS), with the average refund totaling thousands of dollars.
IRS audits are increasing in 2025 as the future of the Direct File program remains uncertain. Here's how both changes will ...
Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...
But there is some historical precedent for stripping a school of its tax-exempt status — a measure that would have crippling effects, making the university’s endowment income taxable and disallowing ...
Leadership churn, worker exodus, and threats to groups’ tax-exempt status could hinder taxpayer services and collection ...
The IRS doesn’t consider freeloading relatives as one of the hardships that can modify the home sales exclusion rules.
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Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.
Taxpayers who fail to file foreign information returns run the risk of an unlimited IRS audit period under section 6501(c)(8) ...
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