IRS Hit Americans with $7B in Tax Penalties Last Year After Biden Beefed Up Agency
According to a report, the Internal Revenue Service imposed $7 billion in tax penalties last year—almost four times the $1.8 billion it assessed in 2022 following the Biden administration’s swollen agency ranks. According to The Wall Street Journal, most of the...
5 Ways Tax Relief May Be A Better Option Than Bankruptcy
When you owe the IRS a sizable debt, the worry you experience can seem to be surmounted. Penalties and interest keep piling on the debt; it can feel as though there is usually no way out. Many times, people would think of bankruptcy as their sole choice for recovery;...
Three Tax Credits That Are Raising Alarms With IRS
The IRS is alerting taxpayers that if they claimed any of three particular tax credits, they might need to make changes to their returns. It’s possible that many Americans were misled by dishonest tax preparers or false information on social media, making them...
Received a Tax Bill from the IRS? Here’s What to Do Next
Imagine opening your email or mail and discovering an IRS notification telling you that you owe money. Irrespective of the magnitude, it is likely to cause some instant worry or perhaps anxiety. The charge may come as a surprise to you or maybe the result of an IRS...Recent Posts
- Tax Relief Options for Individuals Facing Economic Hardship
- IRS Hit Americans with $7B in Tax Penalties Last Year After Biden Beefed Up Agency
- 5 Ways Tax Relief May Be A Better Option Than Bankruptcy
- Three Tax Credits That Are Raising Alarms With IRS
- Received a Tax Bill from the IRS? Here’s What to Do Next
