Tag Archives for " business taxes "
The IRS is Going on a Hiring Spree
The Internal Revenue Service is looking to hire more than 5,000 employees in three cities over the next few months, and another 5,000 employees over the course of the next year. It has also added voice
Read MoreFact-Checking the President’s Remarks on Tax Policy
The president's tax policy is framed in the idea that our tax code is unfairly weighted in favor of high-income people. It's an idea that is widely accepted, but it’s just not true.President Biden delivered
Read MoreWhere’s My Refund?
Now you can check the status of a tax refund in just a few clicks using the Where’s My Refund tool created by the IRSBy far, the question most asked of any tax professional (erroneously, because we have
Read MoreIRS updates and information for 2022 tax filing
The IRS has created a special page to provide current updates and the latest tax filing informationTo assist taxpayers and tax professionals, the IRS created Help for taxpayers and tax professionals: Special
Read MoreWhat Is Power of Attorney and When Is It Used?
To protect your privacy, IRS employees won't talk to just anyone about your taxes. To give them permission to discuss your taxes with someone other than yourself, the IRS will need a power of attorney
Read MoreLawmakers Demand The IRS Deal with Backlog ASAP
A group of 99 House Republicans has sent a letter to Internal Revenue Service Commissioner Charles Rettig asking for information about how the IRS plans to fix the backlog of unprocessed tax returns before
Read MoreThe IRS Spotlights Charity Fraud Awareness
The Internal Revenue Service is teaming up with international organizations and regulators this week to call attention to the dangers of charity fraud and to bolster charity fraud awareness.Raising awareness
Read MoreThe IRS Signs Three New Collection Agencies
Seriously tax-delinquent taxpayers may soon hear from someone new.The Internal Revenue Service has awarded contracts to three private collection agencies for the collection of overdue tax debts. The new
Read MoreBombshell tax draft throws a curveball at the wealthy
The fight in Congress over emerging tax increases on the wealthy took a dramatic turn on September 13, with a slew of unexpected proposals from lawmakers, including retirement plans, inheritances, and
Read MoreIRS begins distributing monthly Child Tax Credit payments
The IRS and the Treasury recently started disbursing advance monthly payments of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.Approximately $15 billion
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