An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure they reported all required income and followed all tax laws. According to a 2023 report from ...

U.S. District Court Judge Murray Snow tossed out claims by state Attorney General Kris Mayes that the one-time payments last year — up to $750 per family — were exempt ...

Americans collectively owe more than $1.6 trillion in credit card debt, with the average balance now at $6,329, up 30% from ...

Settlement agreement wording is important and can help avoid tax trouble. It does not bind the IRS, but helpful tax language in a settlement agreement can resolve audits.

When you receive a Notice 5071C, it means that the IRS has received a federal income tax return filed using your Social ...

Filing taxes isn't anyone's idea of a good time, but a tax refund is a light at the end of the tunnel. Considering the Internal Revenue Service (IRS) refunded $183 billion in income tax in 2023, ...

In 2021 and 2022, business meals could be 100% deductible ... "The problem with this approach shows up because most of the income earned has been reported to the IRS on a Form 1099. The IRS can match ...