Millions who owe the Social Security Administration (SSA) can now clear their balance for a fraction of the original amount, thanks to the IRS “offer in compromise” program. The SSA has confirmed that struggling beneficiaries may settle old debts for as little as 80 percent of what they owe—and sometimes even less—if they prove full repayment … Read more
Scrutiny has intensified on potentially inflated deductions and incomplete filings, raising new concerns about targeted audits. For the 2025 tax season, the Internal Revenue Service (IRS) has heightened its review of tax returns showing excessive or suspicious claims. Many filers, especially those who are self-employed, may be at risk if their reported expenses do not … Read more
He allegedly pocketed millions from pixelated collectibles but told the government otherwise, officials say. A Pennsylvania resident could be trading in his quiet life for a federal prison cell after admitting he neglected to report major earnings from the popular CryptoPunks NFT series. The man, identified as 45-year-old Dillsburg native Waylon Wilcox, pleaded guilty to … Read more
The IRS issues over a billion dollars in refunds, with many taxpayers already spotting their deposits and an increase in average rebate amounts. Millions of taxpayers across the United States are receiving their long-awaited tax refunds this week. According to the latest data, more than 70 million individuals have already complied with the requirement to … Read more
The clock is ticking for thousands of taxpayers waiting to receive their $2,600 IRS tax refund this week. With the April 15 filing deadline just around the corner, many people are rushing to submit their paperwork before time runs out. Those who have already filed are witnessing a slightly different landscape compared to last year. … Read more
Millions of Americans are anxiously awaiting word on a new $2,000 payment that could provide some relief from rising inflation and economic uncertainty. The buzz around a potential fourth stimulus check has reached new heights, as households struggle to meet day-to-day expenses. This $2,000 direct payment, if confirmed, would follow previous rounds of federal aid … Read more
Will these new IRS measures affect you directly? The answer could be yes if you reside in an area deemed a disaster zone, as the IRS recently confirmed that taxpayers meeting specific conditions can receive an automatic extension for tax returns and payments. Are you wondering why this matters for everyone this year? The short … Read more
Fewer delays, less fraud: Treasury favors electronic solutions. The Trump Administration has issued a directive that could make this year the last time you mail a check to the Internal Revenue Service (IRS) or receive a paper refund. Announced on March 25, the executive order requires federal agencies to fully transition to electronic payment methods … Read more
Millions of taxpayers who file by April 15 may receive extra funds, including late 2021 stimulus payments. The 2025 tax season is moving fast, but it’s not too late to secure your IRS refund—and possibly a pending stimulus check. Over 70 million people had already filed as of mid-March, yet a significant number still need … Read more