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5 common tax myths to know before filing your return
BY Sharon Epperson MARCH 15, 2023 / TODAY You may have heard that many taxpayers are in for a big surprise this tax season if they’re banking on a big refund check — or one that’s even close to the amount they received last year — but that’s more of a “tax myth” than...
IRS tax audits ‘target and burden lower-income families,’ say tax experts
BY Rebecca Chen MARCH 12, 2023 / at 7:27 AM PDT / Yahoo Finance The underfunded Internal Revenue Service has been relying on ancient technology to generate paper audits that target tax benefits, such as the Earned Income Tax Credit, for lower-income households. The...
IRS looking to introduce new program that could erase cash tipping altogether
BY Josh Bowering MARCH 15, 2023 / at 4:28 PM PDT / KWTX WACO, Texas (KWTX) - The opportunity to leave a monetary tip for service is becoming more apparent when out shopping, and the IRS has taken notice. It’s called the service industry tip compliance agreement, or...
These bogus “tax hacks” can lead to serious trouble with the IRS
BY AIMEE PICCHI MARCH 8, 2023 / 5:22 AM / MONEYWATCH A so-called tax hack touted on social media could get you into big trouble with the IRS, as well as fail to deliver the juicy refund it purports to deliver. The agency is warning taxpayers not to fall for advice...
A Modern IRS? Careful What You Wish For
Electronic tax-return filing has made things more complex, not less. And better computers could mean worse abuses. Written By: Jay StarkmanPublished: March 7, 2023 1:10 pm ET The Internal Revenue Service is beginning to spend the $80 billion and hire the 87,000 people...
What to do if you get a Notice from the IRS
What to do if you get a Notice from the IRS. Each year the IRS mails millions of...
Gambling Winnings Tax Tips
Tip Sheet on Gambling Income and Losses Whether you like to play the ponies, roll the...
Nine Tips for people who owe MONEY to the IRS
Did you end up owing taxes this year? The vast majority of Americans get a tax refund...
Tax Information for Students Who Take a Summer Job
Many students take a job in the summer after school lets out. If it’s your first job it...