The Internal Revenue Service (IRS) recently announced, in no uncertain terms, that it is focusing in on high-income taxpayers who fail to file their tax returns. The agency notes that although this group was always a priority, this year it has shifted considerable...
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Month: March 2021
Taxpayers beware, IRS falsely sending out delinquency notices
Lawmakers are asking the Internal Revenue Service (IRS) some tough questions. Two representatives from the tax committee are wondering why this agency is sending out delinquency notices to taxpayers when the agency has not finished processing its massive backlog of...
Where is “home” when it comes to my taxes?
Taxpayers generally have to pay taxes to at least two authorities: the Internal Revenue Service (IRS) for their federal tax obligations and state authorities for whichever state they call home. But what is home? Why does the definition of “home” even matter? To put it...
Feds set sites on taxpayers who earn more than $100,000
The Internal Revenue Service (IRS) recently announced that, as of 2020, it would prioritize high-income non-filers for additional review. The agency appears to be putting its money where its mouth is, shifting funds to resources that focus on aggressively pursuing...