If you own digital assets, or you are just interested, it is a good idea to understand how the Internal Revenue Service (IRS) looks at this type of property.

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The 2023 Report to Congress by the National Taxpayer Advocate (NTA) Erin Collins has been released. The report depicts an agency in transition with challenges to overcome in providing services to the nation’s taxpayers.

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The pandemic years were not easy for anyone and the Internal Revenue Service (IRS) is waiving penalties for some of those who did not pay their back taxes during the years 2020 and 2021.

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When a taxpayer does not respond to notices, the Internal Revenue Service (IRS) can move to collect taxes due in several ways. One of those collection methods is paycheck garnishment, also known as a “wage levy.”

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Your return is complete and you owe more money to the Internal Revenue Service (IRS) than you can pay.  Or, maybe you have a long-standing tax liability with the IRS. What can you do?

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The Employee Retention Credit (ERC) was a good deal for businesses—until it became an even better deal for scammers.

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New budget and new tools mean the Internal Revenue Service (IRS) has the capability to pursue the true tax obligations of high-asset taxpayers and large business partnerships.

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While it sounds odd, agents of the Internal Revenue Service (IRS) sometimes assess tax penalties before checking with their supervisor first. The Taxpayer Advocate recently commented on the issue.

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The Internal Revenue Service (IRS) reserves its Top Ten Tax Fraud list for notable schemes prosecuted in the past year. Number five is on the list likely for its national scale and sheer audacity.

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Increased risk and scammers contributed to the decision that the Internal Revenue Service (IRS) will discontinue unannounced visits to taxpayers who owe taxes or failed to file tax returns.

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