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Tax refunds are often a financial boost for Americans, but they’ve increasingly become the target of scammers who can use your identity to recover whatever money is owed by Uncle Sam.
Settling your debt with the IRS is often more achievable than you think. If you're facing IRS tax debt, you're not alone. In 2023, the IRS collected over $104.1 billion in unpaid assessments, but ...
Roughly 1.2 million taxpayers faced incredibly long waits last year for their tax refund cash after getting hit by tax-related ID theft, report says.
This comes in the form of a payment plan or a settlement in which the IRS agrees to settle your tax debt for less than the full amount you owe. If you owe money to the federal government and don ...
IRS Fresh Start can help you get out of a tax debt hole if you owe money to the federal government. If you also owe state income tax, you’d need to reach out to your state tax authority to ...
The IRS owing YOU money? Well, that's a refreshing change! According to the Internal Revenue Service (IRS), it holds over $1 billion in unclaimed money for almost 940,000 taxpayers who never ...
Here are five things to do immediately if you owe the IRS money in 2024. Artfully79 / Getty Images/iStockphoto. Don’t Ignore the Debt.
The IRS will usually send a letter stating the mistake and the amount you owe or if it’s a return, a refund check. This is something that its computer system can figure out on its own.