News

Crypto investors are poised for record returns on Bitcoin and other digital assets—and so, too, is the taxman. The Internal ...
It's never fun to get this type of letter from the IRS, but there are steps you can take to resolve the situation.
If you've received a letter from the IRS, don't panic. ... “Lots of people saw those types of letters last year after filing their 2021 tax return notice.
What to do if you are audited by the IRS: Learn the types of audit letters here and follow these 5 steps Updated: May. 18, 2021, 8:50 a.m. | Published: May. 18, 2021, 8:50 a.m.
The IRS issues roughly 9 million of these letters annually, Steber said. This year, the letter is unusual given that agency has stopped sending many types of notices and letters due to the pandemic.
Many tax filers could be shocked to spot a letter in the mail because the IRS hasn't been sending out these types of reminders for two years. They most likely received an initial notice that went ...
Rev. Proc. 2016-37 says a plan can request a determination letter only if any of these apply: It has never received a letter before; The plan is terminating; or; The IRS makes a special exception. IRS ...
After pausing during the pandemic, the IRS is sending out LT38 Notices for the first time in two years. Don't panic. Also don't ignore them.
Being the subject of an IRS audit is enough to make anyone sweat, but knowing your rights and the type of audit your facing can help make the process a little less stressful and drawn out.
The IRS is sending out three types of letters to taxpayers — known as Letter 6173, Letter 6174 and Letter 6174-A — depending on the severity of the issue.