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According to the IRS Data Book, IRS penalties are by far the most commonly encountered tax problem, affecting 29.5 million Americans annually. While there are over 150 different types of IRS ...
The high cost of complying with our tax code encourages wasteful tax avoidance ... At the heart of the problem is the definition of income developed by Robert Haig and Henry Simons in the 1920s ...
Every tax season, the IRS comes out with various warnings and reminders to taxpayers about how to avoid problems with their filings.Usually, this is in response to common mistakes that taxpayers ...
Understand the steps you need to take to efficiently correct your tax mistakes so you can prevent your refund delivery from being delayed.
The National Taxpayer Advocate may, upon application from a taxpayer, issue a Taxpayer Assistance Order (TAO) if the Advocate determines that the taxpayer is suffering (or is about to suffer) a "significant hardship" resulting from the way the U.S. Federal tax law is being administered, or if the taxpayer meets other prescribed requirements.
The IRS estimated that the national tax gap was $688 billion in 2021, up 14.4% from $601 billion in 2020 and nearly double from $345 billion in 2001.It attributed the tax gap increase to a growing ...
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