Latest Tax and IRS News
IRS extends deadlines for taxpayers impacted by L.A. wildfires
Federal tax deadlines are typically extended for people and businesses impacted by a federally declared disaster.
Scammers are trying to ruin your tax season with ACA fraud
Cyber criminals are hell-bent on scamming trusting consumers by targeting them with a bogus tax bill from the Affordable Care Act.
Consumers who failed to file taxes for several years have options and can obtain refunds
Neglectful or procrastinating consumers who have failed to file their taxes for more than a year have several options and can still obtain refunds despite their delay.
5 tax deductions Americans should take, but too often don't
Give the IRS an opening, and they'll take all the tax cash they can. Fight back with these oft-overlooked filing deductions.
Investing your tax refund now delivers greater returns
While it's tempting for consumers to spend their tax refund, investing their tax dollars in an IRA or stocks now can generate a substantial amount of savings.
9 ways to deal with the IRS if you're accused of back taxes
Want to avoid a financial nightmare? Then play ball with the IRS in a 'back taxes' situation.
Only 6% of U.S. adults will splurge after receiving a tax refund?
Savings and debt payments trump pricey purchases when it comes to handling a tax refund.
Millennials Could Qualify for Earned Income Tax Credit
The earned income tax credit is sometimes overlooked for some taxpayers who did not earn a significant salary the previous year but provides a tax credit for many people.
Tax debt could cost you your passport
It's not outside the realm of possibility.
Your ignorance of IRS rules and free tax software is costly
You're paying for tax preparation you don't necessarily need and missing deductions you're owed, and it's only adding to your tax bill.
Spend that refund — but be careful on what
If you are one of the millions who will receive a tax refund — it's likely you will spend it fast. But are you spending it on the right things?