If you’ve recently received an error notice from the IRS due to a “math error” — you’re not alone. According to the Taxpayer Advocate, since July 15 there ...
For most of us, the only time we want to see an envelope from the IRS is if it contains a tax refund check. So when we see an envelope from the federal tax agency that doesn’t contain money, we get ...
For those who qualify, the so-called recovery rebate is $600 for individuals or $1,200 for a couple filing jointly, plus $300 for each qualifying child. Weller said about 15 percent of federal returns ...
Despite coming at the same time every year, millions of Americans have a tendency to feel anxious and helpless about filing their returns. There are even stories of those who, knowing they are getting ...
The Internal Revenue Service (IRS) has declined to add critical information to its so-called math error notices that would make them easier to understand, despite the ...
Millions of Americans who file their own returns have long learned about tax math mistakes only after the Internal Revenue Service quietly changed their refund or balance due. A new federal law ...
A newly proposed change to the tax code would require greater specificity from the IRS when it comes to logging and correcting simple accounting errors on Americans’ tax returns, a plan that could ...