Expect an unhappy return if you don’t pay or submit your IRS bill, tax columnist saundersWSJ says, as penalties and interest will quickly mushroom
Even if you don’t go to jail, blowing off the Internal Revenue Service is a really bad idea.
Take Larry Cecil Cabelka of Megargel, Texas. Mr. Cabelka didn’t submit tax returns for 12 years during the 1990s and 2000s, according to a March 26 ruling by a U.S. appeals court. As a result, said the court, he owes the U.S. more than $26 million.
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Congress Introduces Bill To Improve Experiences For Taxpayers & Modernize The IRSU.S. Senate Finance Committee Chair Chuck Grassley (R-IA) and Sen. Ron Wyden (D-OR) have introduced legislation aimed at improving experiences for taxpayers. The Taxpayer First Act of 2019, is intended to modernize the Internal Revenue Service (IRS) and strengthen taxpayer protections.
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IRS Publishes Guidance On Interplay Between $10,000 SALT Cap, Tax Treatment Of State Tax RefundsThe TCJA capped state and local income, real estate, property, and sales taxes at $10,000 for individual taxpayers. Today, the IRS released guidance on how this cap will impact the tax treatment of future refunds of state income taxes.
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Phishing Schemes Top List of IRS Dirty Dozen Tax Scams For 2019With just a few weeks until Tax Day, the Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for tax scams. The IRS has issued its annual 'Dirty Dozen' list of tax scams, highlighting a variety of schemes. The common thread, according to the IRS: Scams put taxpayers at risk.
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$80M Roundup Verdict Is Only $2.5M After Taxes, New IRS MathCan an $80 million verdict be cut to $2.5 million after taxes? Bizarre new IRS tax math says yes
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If you have tax debt, take these 5 tips to set things right with the IRSStruggling with tax debt? There are moves you can make to reduce the impact of unpaid taxes on your life, credit and financial well-being. Here are five tips to lessen that burden.
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IRS Will Offer Free Help For Those Struggling With Withholding TaxesIf the changes to tax rates and withholding over the past year have you scratching your head, help is on the way. The Internal Revenue Service (IRS) is offering a free online information session on how to do a Paycheck Checkup.
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Key House Democrat requests Trump's tax returns from IRSHouse Ways and Means Committee Chairman Richard Neal has formally requested President Donald Trump's tax returns from the Internal Revenue Service, likely launching a battle with the administration that could stretch months or even years in the courts and could shed light on the President's finances.
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House Democrats ask IRS for Trump's tax returnsBREAKING: House Democrats send their long-anticipated request to the Treasury Department for Pres. Trump’s tax returns, the opening salvo in what could prove an explosive battle between Democrats and the Trump administration.
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U.S. House committee seeks Trump tax returns from IRSHouse Ways and Means committee asks the IRS to provide six years of Donald Trump's personal and business tax returns
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