Facing a rejected IRS payment can be daunting, but understanding the penalties and solutions can help you navigate this ...

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

To protect against certain risks, businesses can create “captive” insurance companies. The final regulations designate certain microcaptive arrangements as reportable listed transactions or ...

Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved.

The IRS gives you 30 days to respond before contacting you again. If you can't pay the entire amount at once, you can apply for one of several installment payment plans the IRS has available.

The IRS has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.

To recoup some of that lost tax revenue, the IRS offers tax forgiveness programs with flexible payment arrangements and may even let you discharge some of your debt.

This article highlights a striking example of pointless complexity in the US health care system: the 24 (or more) separate tax-preferred, account-based health spending arrangements. Part 1 ...

The IRS offers two main types of plans: short-term payment plans for debts under $100,000, and long-term installment agreements for debts under $50,000.

How can I stop the IRS from garnishing my wages? The most direct way to stop an IRS wage garnishment is to take immediate action. To start, consider full payment of your tax debt if financially ...

Global Payments Inc. today announced definitive agreements to divest its Issuer Solutions business to FIS and acquire Worldpay from GTCR and FIS.

Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.