IRS
From Overdue to Overcome — 4 Strategies to Help Entrepreneurs Address Back Tax Issues
Stop ignoring your back taxes before they sink your business. Here are four proven strategies to tackle your tax troubles now.
Not Filing This New Mandatory Report Could Cost Your Business $500 Per Day
Many business owners will be required to file this mandatory report to the Department of the Treasury — here's everything you need to know.
These 5 States Have the Most People Eligible for $1 Billion in Unclaimed Tax Refunds from the IRS
One million Americans have yet to file their 2020 tax returns and claim refunds.
5 Ways You Might Be Cheating on Your Taxes — And Why You Will Get Caught
Are you cheating on your business taxes — or thinking about it? Think again.
Filing Your Taxes Is About to Get Cheaper in 13 States. Here's Who's Eligible.
The IRS is set to launch a free tax preparation software called Direct File in 2024, offering an alternative to paid services like TurboTax.
'These Steps Are Urgent': IRS Takes Action in Wake of Record-Breaking $688 Billion Tax Gap
The IRS disclosed a historic tax gap for the 2021 tax year, marking the largest-ever recorded shortfall in tax payments.
The IRS Is Using Artificial Intelligence to Catch Millionaires Dodging Taxes
Tax evasion cases had previously overwhelmed the agency. Now, the IRS is using AI to fight it.
How You Structure Your Business to the IRS Can Affect More Than Your Tax Bill. Here's What You Need to Know.
From startup to going public, the business formation structure you choose affects your company in many ways, including how you file your taxes and how much you owe the IRS.
10 Important Tax Numbers Every Business Owner Should Know to Save Big on Their Taxes This Year
Boring? Not when you consider the money you could be saving.
The IRS Has Already Issued $15.7 Billion in Tax Refunds. But Will Yours Be Lower Than Last Year?
Tax season is underway, and although the IRS has issued eight million refunds so far, the average payout is down from last year.
IRS Audits Black Americans More Than Twice As Often As Other Groups, According to a Stanford Study
A study published in January found the methods the agency uses, likely inadvertently, select Black Americans for audits more often.
3 Ways to Save Money on Taxes That Most Entrepreneurs Miss
Utilize these strategies to save your wallet when tax time comes around.
5 Small Business Tax Audit Triggers and What to Do If the IRS Comes Calling
Small business IRS audits are like shark bites: They're rare, but painful for the unlucky few who suffer them.
IRS Puts a Hold on Rule Change Affecting Venmo, Etsy Users
The Internal Revenue Service says the delay will last one year.
Getting Paid on Venmo? This New IRS Rule Could Threaten Your Small Business.
Those using third-party apps like Venmo, Cash App and PayPal will now have to fill out 1099-K forms if they earn above a certain amount.