The Internal Revenue Service (IRS) is responsible for enforcing tax laws in the United States. While most tax issues are civil matters that can be resolved through audits, assessments, and payment plans, there are instances where the IRS may pursue criminal charges against taxpayers for serious violations. Understanding when the IRS pursues criminal charges is…
Navigating the intricate landscape of tax laws and regulations involves understanding key legal concepts, including the statute of limitations on tax evasion and tax fraud. These statutes delineate the maximum timeframe within which legal proceedings can be initiated against individuals or entities suspected of tax-related offenses. In this comprehensive guide, we’ll explore the distinctions between…
Filed your tax return and realized you made a mistake? Don’t worry, you can fix it by filing an amended return. Are you curious about how to file an amending tax return? Wondering about the key things to know when filing an amended tax return with the IRS and what to do after filing ones?…
Tax season can feel like a maze of paperwork, deadlines, and waiting. If you’ve ever wondered what happens after you hit “submit” on your tax return, you’re not alone. One of the most common questions we hear is: What’s the difference between an accepted and an approved tax return? Understanding these two stages can help you manage your expectations, plan…
The IRS wants to make sure you’re ready for the next tax season in 2023. They’ve given some important tips to help you prepare for the upcoming changes to federal taxes. Here’s what’s new, and what you should keep in mind before filing your taxes next year. In 2024, the federal income tax brackets and…
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