The Internal Revenue Service has announced work is underway on the Simple Notice Initiative, an effort to simplify and clarify about 170 million letters sent annually to taxpayers. It's about time and those who have received one can certainly testify to that.
Congress passed a law requiring the IRS to use private collection agencies (PCA). These agencies assist the IRS in collecting certain overdue tax accounts. So, if you are approached, how to you know it is legit and not a scam? Read on...
They will place your account with a PCA for collection of your unpaid tax liability because you met one of the following criteria:
The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025 - in case you are planning how much money you have to hand over for them to waste next year.
The tax year 2025 adjustments described below generally apply to income tax returns to be filed starting tax season 2026. The tax items for tax year 2025 of greatest interest to many taxpayers include the following dollar amounts: