The IRS says it's holding onto over $1 billion in unclaimed tax refunds. Filers have until May 17 to claim their potential portion. How to get started.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
The Bottom Line The IRS emerged to collect money to fund the Civil War. The Internal Revenue Service is part of the U.S. Department of the Treasury and enforces and administers federal tax...
Owing the IRS a tax debt can be stressful but there are ways to get help now. Here's what to know.
Imagine checking your mail or email to find a notice from the IRS stating that you owe money. Whether the amount is small or substantial, it can likely trigger some immediate concern or even anxiety.
The window to claim a refund owed you for the 2020 tax year closes on May 17.
Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.
For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.
The big climate and health care bill passed by the House Friday includes billions in new funding for the IRS over the next decade. Most of that money is aimed at catching wealthy tax cheats.
At the start of the new tax season, nearly 25% of taxpayers who owe money expect to go into debt, according to a Credit Karma survey.