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New York tax preparer accused of stealing over $100 million from the IRS
A Bronx tax preparer known as “the Magician” was arrested by IRS Criminal Investigations agents in an alleged $100 million dollar tax rip-off scheme.
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IRS targets wealthy ‘non-filers' with new wave of compliance letters
The IRS on Thursday unveiled plans to target wealthy “non-filers” with a new round of compliance letters. Here’s what taxpayers need to know.
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From Taylor Swift to CEOs, the IRS to crackdown on private and corporate jet users
First, there were trackers on Taylor Swift and other celebrities’ private jet usage. Now, there will be more scrutiny on executives’ personal use of business aircraft who write it off as a tax expense.
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What is Direct File, the new IRS tool to file your taxes
Direct File is a new filing tool by the IRS that allows taxpayers of any income to file their taxes for free.
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Tax season 2024: Here's when you can start filing your taxes and how to track refunds
Here are all the important dates you’ll want to know for tax season this year.
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IRS delays tax reporting rule for users of payment apps like Venmo, Cash App
Users of Venmo, Cash App and other payment apps will get a tax reprieve this year. The IRS announced Tuesday it will delay implementing new reporting requirements that were to take effect for the coming tax filing season.
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Hunter Biden sues IRS over handling of his private records
President Joe Biden’s son, Hunter Biden, sued the IRS on Monday, alleging that the agency illegally released his private tax records.
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Hunter Biden sues the IRS over tax disclosures after agent testimony
The lawsuit filed Monday says that his personal tax details shared during congressional hearings and interviews was not allowed by federal whistleblower protections.
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IRS unveils ‘paperless processing initiative' for taxpayers. Here's what to expect
The IRS will offer digital correspondence for the 2024 season and aims to provide “paperless processing” for tax returns in 2025. Here’s what to know.
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IRS halts most unannounced visits to taxpayers, citing safety concerns
The IRS has ended most unannounced visits to homes or businesses for unpaid taxes. Here’s what taxpayers need to know.
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IRS says it collected $38 million from more than 175 high-income tax delinquents
The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency. IRS leaders have laid out how they netted $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months....
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IRS warns of new ‘unclaimed refund' scam through the mail
The letter requests sensitive personal information, including pictures of driver’s licenses, Social Security numbers and bank information.
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IRS warns of new ‘unclaimed refund' scam through the mail
The IRS is warning taxpayers about a new scam tricking people into believing they are owed a refund.
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IRS Moves Forward With Free E-Filing System in Pilot Program to Launch in 2024
The IRS is planning to launch a pilot program for a government-run, online tax filing system that’s free for all.
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Haven't Filed Taxes Yet? Don't Panic. Here's What to Know
The deadline to file your taxes is fast approaching. If you are worried that you might not have enough time to file your taxes before the deadline, you can file for an extension.
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4 Red Flags for an IRS Tax Audit — Including What One Tax Pro Calls a ‘Dead Giveaway'
While the chances of an IRS audit are usually slim, certain items on your tax return may trigger a red flag at the federal agency, according to tax experts.
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The Last Chance for Some Retirees to Avoid a 25% Tax Penalty Is April 1
If you turned 72 in 2022, the last chance for your first mandatory retirement plan withdrawal is April 1 — or you may face a hefty tax penalty. Here’s how to avoid it.
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Missing Tax Forms Will ‘Definitely' Delay Your Refund, Expert Warns. How to Know Which Ones You Need
It’s important to get organized with tax forms before filing your return to avoid refund delays. Here’s how to know which forms you need.
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IRS Extends Tax Deadline to Oct. 16 for San Diegans, Others Affected by Storms
San Diego County residents have until Oct. 16 to file their tax returns.
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The Difference Between Tax Credits and Deductions Explained With Sticky Notes
Both tax credits and tax deductions can help taxpayers keep more of their money, but they do it in very different ways. Here’s how they work.