The new pilot program will benefit the IRS through more efficientaccess to digitized records and related metadata and improve securityand data privacy. Ripcord, a robotic intelligent digitization company, has advanced tothe second phase of the new Pilot IRS Solution Challenge.… Read More »IRS to Digitize Archived Tax Filings in Tech Pilot Program
Do you ever wake up thinking your day will turn out one way, and itends up being completely different? Did you ever ask yourself why? Isit because you become blindsided by events or because other peoplehijack your day with their… Read More »Why Is Everything An Emergency?
Tax returns are piling up at the Internal Revenue Service, andmillions of taxpayers are experiencing refund delays beyond thetypical 21 days or fewer for e-filed returns electing a direct depositrefund. The IRS even issued a press release cautioning taxpayers notto… Read More »IRS: We Apologize, Your Tax Refund Is Delayed
KEY POINTS Excessive write-offs compared with income, unreported earnings andrefundable tax credits are among the most common IRS red flags.However, you may avoid trouble by keeping detailed receipts and othertax paperwork readily available, experts say. If you’re among the millions… Read More »Don’t play the ‘audit lottery.’ These are the top reasons your taxreturn may be flagged by the IRS
Owning a home is part of the American Dream. Whether you fancy a logcabin in the middle of nowhere, a suburban Cape Cod with a whitepicket fence, or a downtown condo in the sky, there’s just somethingspecial about trading in… Read More »13 Tax Breaks for Homeowners and Home Buyers
The U.S. jobs market has never been tighter than it is today,increasing the risks to the economy as Federal Reserve policymakersmove to rein in inflation, according to Goldman Sachs Group Inc. The Wall Street bank’s economists have compiled a gauge… Read More »U.S. Labor Market Is Tightest of Postwar Era, Goldman Gauge Shows
Oil prices jumped over 3% on Monday, with investors worried abouttighter supply as mounting civilian deaths in Ukraine increasedpressure on European countries to impose sanctions on Russia’s energysector. Global benchmark Brent crude jumped$3.14, or 3%, to settle at $107.53a barrel.… Read More »Oil jumps over 3% as deaths near Kyiv prompt talk of new sanctions
National Taxpayer Advocate (NTA) Erin Collins formally directed theIRS to take immediate steps toward implementing existing scanningtechnology to process tax returns filed on paper. Collins issued the directive, which is dated March 29, under herauthority pursuant to a delegation order… Read More »National taxpayer advocate directs IRS to implement scanning technology
KEY POINTS You may have a wildly different tax bill depending on where you live.That’s because your tax burden — individual income, property, sales,and excise taxes as a share of total personal income — varies bystate.You can expect to spend… Read More »These states have the highest and lowest tax burdens
US bond’s worst quarter in more than 40 years has come to a close. Thequestion for many investors now is whether it is time to buy thebiggest dip in recent memory. The Bloomberg US aggregate bond index largely US Treasuries… Read More »Bond Market Suffers Worst Quarter in Decades