IRS

IRS warning: CryptoPunks craze turns costly when taxes are ignored

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Internal Revenue Service Building sign outside headquarters, symbolizing agency warning on unreported CryptoPunks NFT taxes

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

IRS urges americans to peek at balances after record‐breaking refund wave

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Close-up of the IRS logo on the official U.S. government website displayed on a computer screen

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

List of citizens getting the IRS Tax Refund of $2,600 this week: It all depends on the day of the Tax Return

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IRS Treasury check partially covered by American flag, representing $2,600 tax refunds hitting bank accounts according to filing date

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

The IRS explains what to do if you receive a fourth stimulus check: a new extra payment of $2,000 for every child in the US

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U.S. Treasury stimulus check, envelope and hundred-dollar bills on an American flag, illustrating the proposed $2,000 fourth relief payment

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

IRS announces automatic tax benefit for 2025: List of people who can ask for more time to file

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IRS building sign with a compass pointing toward “Benefits,” illustrating the 2025 automatic tax‑extension relief for disaster‑area taxpayers

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

Goodbye to paper checks for IRS payments and refunds: Trump’s new executive order

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Man speaking in front of a U.S. Treasury check, illustrating a shift from paper to electronic payments

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