Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ...

The Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after ...

The IRS is reevaluating how to gauge the more than 150 taxpayer service improvement projects it had been pursuing before staffing and budget cuts this year.

Crypto investors are on edge after the IRS started mailing out a flurry of warning letters to Bitcoin and other cryptocurrency holders. Several tax experts say that thousands of investors have ...

Among them: Create fully functional IRS online accounts. Right now, taxpayers “generally cannot file tax returns, view most notices, or respond to notices ... to staffing alone may not have had a huge ...

Americans saving for retirement will benefit from increased contribution limits for their 401(k) accounts in 2025, following a decision by the IRS. However, these adjustments come alongside the ...

If you’re one of the many taxpayers who requested an extension for your 2024 federal tax return, the Internal Revenue Service (IRS) has a clear message for you: don’t wait until October. In a notice ...

The IRS requires most Americans to file a tax return every year to ensure they're up to date on the taxes they owe. The IRS ...

Meanwhile, the bottom 40% pay about 4% of their income to the IRS, based on 2022 tax data and the latest figures from the IRS. Tax brackets determine how much individuals pay to the IRS each year.