The IRS could collect $500 billion less in tax revenue, report says, and the U.S. may run out of cash in a few months without a debt-ceiling hike
An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, ...
IRS tax forgiveness questions to ask now
Before you pursue tax forgiveness with the IRS, it's important to ask the right questions about the rules, the requirements ...
The IRS may owe you over $3,000 this year. Here’s how you can use it to build long-term wealth
The average tax refund is over $3,300 this year, according to the IRS—but financial experts say that means you are giving the ...
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IRS: This is the debt you can be garnished for
When you owe taxes, the Internal Revenue Service (IRS) has the legal right to seize your assets to satisfy the debt. This process, known as a levy, can affect various aspects of your financial ...
What is tax debt? A comprehensive explanation
Tax debt may sound straightforward, but it's really a complex situation that impacts millions of people each year.
U.S. Faces ‘Significant Risks’ From Debt, Analysts Say, as Trump Pursues Tax Agenda
At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional ...
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How far back can the IRS claim you owe money?
Most debts have statutes of limitations that ... serious illness or bad advice from a tax professional. If dealing with the IRS on your own feels overwhelming, you may want to work with a tax ...
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Injured spouse: How to claim your share of an IRS Tax refund when your partner has debts
The injured spouse rule helps joint filers protect their share of a tax refund from a partner's debts. This guide explains ...
Fake tax refunds, credits, debt? IRS scams targeting taxpayers
This article originally appeared on The Columbus Dispatch: Fake tax refunds, credits, debt? IRS scams targeting taxpayers ...
Can a big tax refund be a bad thing? Experts weigh in.
Tax experts say the sooner you file, the sooner you get that refund, if you have one coming. The average refund amount this ...
How long should you keep tax return records?
The Internal Revenue Service generally recommends keeping tax returns and related documents for at least three years after ...
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Robert Kiyosaki Is In Debt, But He Doesn’t Believe It’s a Bad Thing — Here’s Why
tax benefits and capital gains. This type of debt can be self-liquidating, making it more manageable over extended periods. Bad debt, on the other hand, is used to finance consumer goods or ...