The IRS also boosted figures for dozens of other provisions, including long-term capital gains brackets, estate and gift tax ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years. The IRS each ...

to confirm their identity on tax returns and other IRS correspondence. But those without SSNs"whether they're individuals, businesses or other organizations"also need nine-digit numeric IDs that ...

Kelly Phillips Erb is a Forbes senior writer who covers tax. With just days to go in 2023, taxpayers are already looking ahead to the next year—but some are still waiting on answers related to ...

The IRS has been working hard to clear the backlog of paper-filed tax returns and correspondence that resulted from pandemic-related shutdowns, and it has been making good progress. According to ...

But more Americans than ever owe past-due taxes. As of the end of 2022, 18.6 million individual taxpayers owed the Internal ...

They usually start with a letter, and in most cases the IRS handles them entirely through correspondence. Here’s what actually happens during a tax audit – and what you can do to help the ...

WASHINGTON (AP) — The IRS on Monday announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline.

You may also hear from the IRS with questions about deductions or credits you claimed on your return. “They may send correspondence requesting more backup information supporting your claim for ...

to confirm their identity on tax returns and other IRS correspondence. But... If you miss the tax deadline, the IRS can charge two separate penalties: one for not filing your tax return and ...

This gets you in contact with an enrolled agent to guide you through an audit. It includes IRS correspondence management, audit preparation and in-person audit representation from an enrolled ...

Before choosing a business structure, it is important to consult with a business attorney or tax consultant to determine which business structure will best help you meet your short- and long-term ...