It said up to $10 billion in taxes that the company has already paid are not reflected in the proposed adjustments made by the IRS. Microsoft plans to contest the notices through the IRS’...
Not sure if you owe back taxes to the IRS? There are several ways to find out and steps you can take to determine the amount.
NEW YORK — The amount of tax money owed but not paid to the IRS is set to keep growing... One of the IRS's biggest challenges is making sure that people actually pay their taxes. While...
unpaid taxes. The IRS is mailing notices to 125,000 high-income individuals who haven’t filed a federal income tax return since 2017. The agency will start sending those notices this...
The IRS is seeing a growing disparity between the taxes it's supposed to receive each year, and the amount it actually collects — but expects increased hiring will reverse that trend in the coming...
They don't have much choice, since their income is reported directly to the IRS. Wealthy people have more opportunities to avoid taxes. Their income sources are often less transparent. And...
For instance, some people don't file due to avoidance if they are worried about owing a big... In 2021, about $77 billion in taxes were unpaid due to nonfiling, the IRS said. Underreporting...
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the taxes they already owe.” The White House is also calling on Congress to pass legislation that would give the IRS the authority to regulate paid tax preparers. The spending plan Biden...
Unlike most other government agencies, the IRS has the power to attach your wages, freeze your bank account and even confiscate your property, and that is enough to send a chill up the...