Tag: Internal Revenue Service

August 23, 2022

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 […]

February 18, 2022

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 […]

September 3, 2021

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 […]

June 8, 2021

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 […]

July 30, 2018

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 […]

January 15, 2016

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 […]