IRS: Missing final 2024 quarterly estimated tax payment could trigger 'unexpected penalties'
The fourth-quarter estimated tax payment for 2024 is Jan. 15. Here's how to avoid "unexpected penalties," according to the ...
IRS Direct File Tax-Prep Program Could Be on the Chopping Block
Trump’s pick to head the agency once backed legislation that would have blocked the IRS from developing free tax-preparation ...
Warren questions Trump IRS nominee’s experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service ...
Why IRS Will Owe Some Americans Extra Money on Top of Tax Refund
If a tax refund is delayed by more than 45 days, the IRS is legally required to pay interest on top of the refund. While this is good for the taxpayer, Collins noted that it's not financially ...
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National Taxpayer Advocate calls on Congress to boost IRS modernization funds
Ahead of GOP takeover and calls for cuts to the tax agency, Erin M. Collins asks lawmakers to reallocate enforcement funds to ...
Does the IRS ever forgive back taxes?
So does the IRS ever forgive the back taxes you owe, or does delinquent tax debt live on in perpetuity? The answer to this question could mean the difference between financial recovery and continual ...
IRS Reverses Course On Listed Transaction Penalties In New Guidance
The IRS quietly released an Action on Decision on Jan. 2, 2025, which provides significant concessions to taxpayers involved ...
IRS must ramp up resources for identity theft victims, says watchdog
The annual report by the agency’s national taxpayer advocate also flagged ongoing problems with the troubled Employee ...
Trump's IRS pick raises concerns about qualifications, Sen. Warren says
The background of Billy Long, an ex-congressman and auctioneer, raises questions about his qualifications, Sen. Warren says.