The IRS says it still hasn’t opened more than 2 million returns this tax season

Published: Oct. 8, 2020 at 1:46 a.m. ET By Andrew Keshner Published: Oct. 8, 2020 at 1:46 a.m. ET The Internal Revenue Service still has to process an estimated 2.5 million hard copy income tax returns within a pile of unopened mail that stands at 5.3 million pieces. That’s according to IRS Commissioner Charles Rettig, […]

How people can reconstruct records lost in a natural disaster

IRS Tax Tip 2020-127, September 28, 2020 Reconstructing records after a disaster is important for several reasons including insurance reimbursement and taxes. Most importantly, records can help people prove their disaster-related losses. More accurately estimated losses can help people get more recovery assistance like loans or grants. Whether it’s personal or business property that has […]

Tax Tip 2019-170: Here’s how taxpayers can avoid the hooks of phishing scams

IRS Tax Tip 2019-170, December 4, 2019 Knowledge and awareness. Those two things can protect taxpayers and their family members from getting caught up in a phishing scam. A phishing scam is often an unsolicited email or a website that looks like a legitimate site designed to trick users. The scams convince people into providing […]

4 Costly Tax Mistakes to Avoid

Don’t end up making your tax bill worse than it already is.        Christy Bieber   (TMFChristyB)   Nov 3, 2019 at 11:05AM   Author Bio No one likes to pay taxes, and you definitely don’t want to pay more than you actually owe. Unfortunately, the tax code is really complicated in the […]