IRS Enforcement Revenue Fell to $93.8 Billion in 2025
IRS enforcement revenue fell to $93.8 billion in fiscal year 2025 as audit activity and staffing declined. Here’s what the TIGTA data show.
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Can I Wait Out the IRS?
Settling up with the IRS has two parts: assessment and collections. I took a look at what you need to know about IRS collections and statutes of limitations—you’ll find it here. *** The link will take you away from my site (don’t worry, it’s outside of the paywall).
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Avoiding Ending up on Tax Debt Lists
Tax agencies use several ways to encourage tax compliance, including publishing taxpayer delinquency lists and filing liens. The rules—and your options—can vary between states and the IRS. Here’s what you need to know, including how to avoid notoriety. *** The link will take you away from my site (don’t worry, it’s outside of the paywall).
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IRS Puts Hold on Some Automated Return and Collection Notices
Earlier this month, the IRS announced it would temporarily pause automated collection notices, unfiled tax return notices, and balance due notices it sends to taxpayers. The IRS said the stop would last until the existing backlog is “worked through.” However, the timing is anyone’s guess since, as of early this month, the IRS still had…
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IRS Online Installment Agreement Service Temporarily Unavailable
If you owe the Internal Revenue Service (IRS), you may be able to apply for a payment plan online to pay off your balance over time – but not right now. The IRS has scheduled a planned outage for the service. The website currently says: This service will be unavailable from approximately 12 a.m. (midnight)…
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Senators Ask IRS to Work With Taxpayers on COVID-Related Relief
Remember the flurry of IRS notices that got sent out in mid-November? Many of those notices – especially those notices of intent to levy (CP504) – were sent out without regard for individual taxpayer circumstances, with tax practitioners reporting receipt by taxpayers previously marked as CNC (currently not collectible), taxpayers with pending offers, and taxpayers…
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What Business Owners Need To Know About Taxes When Customers Won’t Pay
Are your accounts receivables piling up? With so many people out of work, many businesses are experiencing slow payers and (gulp) non-payers. If you’re not sure about the practical and tax aspects of handling those accounts, here are a few things to keep in mind. Don’t assume that you can send a Form 1099-C for…
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What To Know About Taxes When You Can’t Pay Your Credit Card & Other Bills
There was an article that circulated recently suggesting that bankruptcies didn’t peak as expected. If the folks who are reaching out to me are any indication, just give it time. With unemployment numbers still high and many areas still under shutdown orders due to the pandemic, it’s clear that the economy is not back to…
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IRS Is Adding QR Codes To Tax Bills So That You Can Pay From Your Phone
The Internal Revenue Service (IRS) is adding barcode technology to its tax notices. Starting this month, the IRS will add QR codes to certain tax notices. QR stands for quick response, since the code can convey a lot of information to your smartphone in a short period of time. It’s similar to a barcode but…
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IRS Mistakenly Sent Penalty Notices To Businesses
Did you recently receive a penalty notice for your payroll tax deposit even though you remitted the correct amount? You’re not alone. The Internal Revenue Service (IRS) has announced that a “small population of employers” may have received notice that they were being assessed a failure to deposit penalty – even though the penalty doesn’t…
