IRS Announces Plans to Visit Taxpayers With Unfiled Tax Returns

IRS to visit for taxpayers with unfiled tax returnsThe Internal Revenue Service (IRS) may be heading to your house. Recently, the agency announced plans to make in-person visits to high-income taxpayers who have not filed tax returns in 2018 or previous years. Are you worried about a […]

February 21st, 2020|Tax News|0 Comments

How to Claim Unclaimed Refunds From the IRS or State

unclaimed tax refund moneyThe Internal Revenue Service (IRS) is holding over $1 billion in unclaimed income tax refunds from 2015 alone and similar amounts from other years. In some cases, the money was returned to the IRS due to closed bank accounts or wrong addresses. In other cases, refunds sit waiting because taxpayers […]

February 19th, 2020|Tax Tips|0 Comments

Seven Reasons You Should File Taxes as Early as Possible

file taxes earlyThe IRS gives you until April 15th (or the following business day if April 15th falls on a weekend or holiday) to file your tax return, but ideally, you should file as early as possible. Filing your return early in the tax season gives you a lot of benefits and can potentially even save you […]

Tax Gap Holds Steady — IRS Will Continue to Pursue Taxpayers With Unpaid Taxes

irs logoIn September 2019, the Internal Revenue Service (IRS) released tax gap estimates for tax years 2011 through 2013. The numbers indicate that the gap has stayed the same as the previous tax years. However, the IRS will continue to pursue taxpayers who are not compliant. Here’s what you need to know.

What Is […]

October 3rd, 2019|Tax News|0 Comments

TIGTA Audit Reveals Issues With How IRS Handles Requests for Appeals Hearings

tigta audit appeals processEstablished in 1998 to provide independent oversight to the Internal Revenue Service (IRS), the Treasury Inspector General for Tax Administration (TIGTA) regularly audits IRS processes. In September 2019, the group completed an audit of various aspects of the IRS appeals hearing process. The TIGTA found several mistakes that are worrisome for taxpayers.

What Is the […]

September 18th, 2019|Tax News|0 Comments

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