Tag: IRS
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Time has run out, according to the IRS, to submit 2020 stimulus checks
This week, the Internal Revenue Service declared that certain taxpayers have limited time to request refunds for unpaid stimulus payouts. In 2020, 2 Economic Impact Payments, or stimulus cheques, were given out by the federal government. Since they failed to submit a tax return for the given year, certain people have yet to claim the…
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Taxpayers Share Refund Strategies as IRS Dispenses $93B What’s Next?
Tax Refunds: A Vital Financial Lifeline for American Households Digital Transformation Rising Popularity of Free File Guided Tax Software According to the published article of Investment News, the IRS’s announcement of nearly 29 million taxpayers share refunds with an average amount of $3,213 highlights the significant financial impact of tax refunds on households across the…
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VA Disability Payment Taxable: As a veteran, what kind of income do you have to declare to the IRS?
There are several ways in which tax and the Department of Veterans Affairs interact, but mainly in relation to the taxation of veterans’ payments. Below are a few of the revenues that need to be declared in order for veterans to make sure proper reporting to the Internal Revenue Service. It is imperative that they…
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Tax Refund 2023: Attorney Mayes Challenges IRS Over Tax On 2023 Refund
IRS doing all it can and issues guidance on state tax payments to help taxpayers but now the state is challenging the agency over tax refund 2023. Attorney General Kris Mayes filed an IRS regarding the family Tax Refund 2023 issue in Arizona Attorney Last Tuesday, according to Attorney General Kris Mayes, the Internal Revenue…
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Tax Trouble in Orlando: Preparer’s Alleged Fraud Sparks Government Action
DOJ Cracks Down on Alleged Tax Fraud: Orlando Preparer Facing Civil Command Scheme Unveiled: Allegations of Fraudulent Tactics in Tax Preparation According to Niceville.com, the US Department of Justice has taken decisive action against tax trouble in Orlando tax return preparer Julius T. Price, and his firm Price’s Accounting Firm Inc. by filing a civil…
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Are You Going to Receive Child Tax Credits in 2024 if You Live in Any of the 15 States? Learn More Here
This tax season may bring in more cash for families with children. This is the reason why: Congress is developing a plan to raise the highest refundable amount in order to increase the child tax credit. Furthermore, you may reside in a state that is receiving extra funding for the child tax credit for the…
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Here’s Why, Even Being Married, You May Not Receive a Spousal Social Security Benefit
Marrying a qualified worker is the sole way to be qualified for a spousal Social Security benefit. That person is one who has put in enough time at work to accrue 40 work credits, or around ten years, or more. However, qualifying for and receiving a spousal benefit are 2 separate things. We’ll examine more closely…
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Free Assistance On Filing Income Tax Return 2024: See How!
This Filing Income Tax Return 2024, taxpayers will spend money to file their return when they may not have to. The National Taxpayer Advocate has assessed around 70% of taxpayers are eligible to use IRS Free File to file their Income Tax Return 2024. Only about 2% will use it. Free Income Tax Return…
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ACTC Payout Schedule: Tax Refund Dates And Eligibility
Taxpayers would like to get all the information on ACTC 2024, when the ACTC Payout, the Tax Refund Dates, and eligibility. ACTC Tax Credit 2024 ACTC provides taxpayers with a financial boost. The IRS reports that the majority of electronically filed taxpayers receive their ACTC or EITC refunds and credits in less than 21…
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The IRS estimates that the Inflation Reduction Act will enable them to get $560 billion more from wealthy tax evaders
Based on fresh data issued by the Treasury Department and the IRS on Tuesday, the IRS is expected to collect hundreds of billions of dollars higher in default and unpaid taxes than previously estimated. A $561 billion increase in tax collections is anticipated between 2024 and 2034 as a result of increased enforcement made possible…