The Latest Breaking News from IRS

I’m a Tax Preparer: The Refund Error That Triggers IRS Letters Most Often

Filing for a refund? A tax preparer reveals the error most likely to prompt an IRS letter and slow down your return.

GOBankingRates · Apr 11

7 Mistakes To Avoid When You File a Tax Extension

Here are seven mistakes to avoid when you file a tax extension to save you on penalties, interest and unnecessary financial stress.

GOBankingRates · Apr 11

Expect Delays: IRS Help Less Accessible, Refunds May Take Longer, Say Experts

If you’re counting on a fast tax refund this year, you may want to prepare for delays—and frustration. Experts warn that the IRS is entering...

Saving Advice · Apr 10

The IRS Letter You Shouldn’t Ignore – and What To Do If You Get One

A plain white envelope just landed in the mailbox, and it carries more weight than it looks. The return address reads IRS, and suddenly everything else on the to-do list feels a lot less important. That single piece of mail can trigger a rush of questions, a spike of stress,…

The Free Financial Advisor · Apr 10

How Overlooking a Simple Bank Error Can Lead To Government Garnishments

A single wrong number can start a chain reaction that no one sees coming. One misplaced payment, one misapplied deposit, or one unnoticed fee can quietly shift an account off course and keep drifting until it crashes into something far bigger. That “something” often carries official letterhead, strict deadlines, and…

The Free Financial Advisor · Apr 10

What Happens If You Owe Taxes and Can’t Pay by the Deadline? Here Are Your Real Options

Owe taxes and can’t pay by the IRS deadline? Experts explain penalties, interest, payment plans and what you can do next to avoid escalating tax debt.

GOBankingRates · Apr 10

You Could Miss Out on $686 or More as the Deadline To File for Unclaimed 2022 Tax Refunds Nears

Millions of Americans still haven’t claimed their 2022 tax refunds. With the IRS deadline near, you could miss out on $686 or more.

GOBankingRates · Apr 9

IRS touts a 24% increase in tax refunds compared to the previous administration

The Trump administration is highlighting a 24% increase in individual tax refunds this season compared with those issued during the previous administration

The Independent UK · Apr 9

5 Refund ‘Boost’ Tips That Backfire, According to Tax Pros

Some popular refund boost tips can shrink your return or raise red flags. Tax pros explain which strategies backfire and what to avoid this filing season.

GOBankingRates · Apr 9

Most Seniors Miss This IRS Mileage Write-Off—Are You Losing Money on Medical Trips?

If you’re driving to doctor appointments, physical therapy, or even picking up prescriptions, you could be quietly missing out on a valuable tax break. Many...

Saving Advice · Apr 9