Tag: Internal Revenue Service

Business Law & Regulations, Finance

Energy Tax Credit

August 23, 2022

Via: Investopedia

What Is an Energy Tax Credit? An energy tax credit is a government-sponsored incentive that reduces the cost for people and businesses to use alternative energy resources. Eligible individuals or entities who meet the criteria are reimbursed for their efforts […]

Business Law & Regulations, Finance

The Best Time to Invest in a Roth IRA

February 18, 2022

Via: Investopedia

Investing in a Roth IRA is like sending a gift to yourself in the future. These individual retirement accounts (IRAs), unlike their traditional counterparts, are funded with after-tax dollars, meaning you pay the Internal Revenue Service (IRS) up front rather […]

Business Law & Regulations, Finance

Compromising with the IRS

September 3, 2021

Via: LexBlog

Many people end up owing the IRS for many reasons and there are various options to resolve your tax debt. Some of the options include an offer in compromise, installment agreement, or currently non-collectible status. What is an Offer in […]

Tax Code, Regulations and Guidance

IRS Is Investigating Release of Tax Information of Wealthy Americans

June 8, 2021

Via: The Wall Street Journal

Federal authorities are investigating the release of wealthy Americans’ tax information, Internal Revenue Service Commissioner Charles Rettig said Tuesday. ProPublica, a nonprofit news organization, published details about the reported income and tax payments of some of the richest Americans, including […]

Business Law & Regulations, Privacy

10 Ways to Protect Your Social Security Number

July 30, 2018

Via: Investopedia

Social Security numbers were never intended to be a “one size fits all” primary ID. In many ways, however, that’s exactly what has happened. Identity theft thrives in the U.S. in part because Americans feel forced to use their SSN […]

Tax Code, Regulations and Guidance

Tea party lawsuit against IRS certified as class action

January 15, 2016

Via: Jurist

A judge for the US District Court for the Southern District of Ohio on Tuesday certified class action status in a lawsuit alleging the Internal Revenue Service (IRS) specifically targeted conservative tea party groups. Judge Susan Dlott filed a sealed […]