Being trained in taxpayer rights and technical account management. The Internal Revenue Service announced that 4,000 additional customer service representatives have been hired and are being trained to…
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IRS to Increase Standard Deductions for 2023
They are responding to pressures of inflation. The Internal Revenue Service announced Tuesday that it is raising the income threshold for all tax brackets and will also increase…
Read MoreIRS To Clear 2021 Backlog This Week
Treasury secretary calls for additional funding as the service continues to struggle. The Internal Revenue Service (IRS) said on Tuesday that, by the end of this week, they…
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IRS to Raise Interest Rates in April
They set new rates every quarter per federal code. As of Friday, April 1, interest rates on amounts due to the Internal Revenue Service will increase for the…
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Treasury Department Announces IRS Backlog Strategy
Extra work from pandemic addressed with “aggressive plan.” The Department of the Treasury recently announced that they would be enacting an “aggressive plan” to catch up on heavily…
Read MoreIRS to Delay Tax Deadline
Taxpayers will have an additional month. The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month, although they are still…
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President Trump’s Update on Current Actions
Department of Education and Treasure Department are making adjustments. President Trump reported he has been working with members of the Senate on the proposed $1 billion stimulus bill. He…
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You Have 90 More Days to Pay Taxes
IRS deferring payments without interest April 15 is the established day on which your taxes are due. But individuals and businesses will have an extra 90 days to…
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