Latest in Irs Tax Debt
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Who can help me with IRS tax debt?
If you owe the IRS money for back taxes and need some extra help, there are a few different options to consider.CBS News - 11h -
Can you dispute your tax bill with the IRS?
Receiving an unexpected tax bill from the IRS doesn't mean you're automatically obligated to pay it.CBS News - Feb. 24 -
IRS layoffs underway around the country as millions prepare to file taxes
The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.ABC News - Feb. 20 -
What does DOGE's IRS shake-up mean for tax season?
DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS. But filing a return remains mandatory — the earlier the better, tax advisers say.NBC News - Feb. 20 -
What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?
The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.Inc. - Feb. 21 -
Will the expected IRS cuts delay my 2025 tax refund?
Tax accountants urge Americans to file early this year to avoid delays in getting your 2025 tax refund.CBS News - Feb. 21 -
The IRS is firing thousands of workers. Will it affect your tax refund?
With the IRS laying off thousands of employees Thursday, many Americans may be wondering if their tax returns – or their refunds – will be affected.The Hill - Feb. 22 -
Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions
Cutting IRS jobs may sound appealing to some, but the long-term consequences could be disastrous.The Hill - Feb. 25 -
Here's how IRS layoffs could impact your tax filing and refund this season
Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.CNBC - Feb. 21 -
IRS employee among those fired by Trump during tax season speaks out
President Trump is eliminating more than 6,700 at the Internal Revenue Service at the height of tax season. Nancy Cordes looks at the impact of the cuts on the workers and Americans who depend on ...CBS News - Feb. 21 -
Trump’s IRS layoffs have some Americans asking: ‘Why bother’ filing taxes this year?
Accountants say some clients are wondering if they should blow off their taxes amid IRS cutbacks.MarketWatch - Feb. 22 -
Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say
As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.NBC News - 5d -
Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say
As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season. But penalties can be costly, experts say.CNBC - 5d -
Email shows that Musk ally is moving to close office behind free tax filing program at IRS
Program is apparently being closed according to email from former Tesla engineer installed in GSA. An Elon Musk ally installed in the US government said in a late night email going into Saturday ...The Guardian - 3d -
The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why
The average IRS tax refund is more than 32% lower so far this season, according to early filing data. Here's what to know.CNBC - 6d -
Can debt relief help with collections debt?
If you're dealing with calls and letters from debt collectors, debt relief could provide the fix you're looking for.CBS News - 6d -
Germany’s debt brake problem
Incoming chancellor Friedrich Merz says he will try to adopt a constitutional change in the next 30 daysFinancial Times - Feb. 25 -
Gupta’s InfraBuild hit with lawsuit alleging debt default
FitzWalter Capital takes aim at key remaining asset in teetering metals empireFinancial Times - 6d -
5 surprising debt management program benefits to know
There are many debt relief strategies to consider, but debt management offers some unique perks in particular.CBS News - 1d -
When to hire a tax attorney
There are a number of instances in which hiring a tax attorney makes more sense than the alternatives.CBS News - Feb. 25 -
Former IRS worker on being fired by Trump administration
Jonathan Curry, a media relations specialist at the Internal Revenue Service, joined CBS News with more on losing his job as the Trump administration carries on with efforts to slash spending among ...CBS News - Feb. 24 -
Panthers' Tkachuk placed on IR with groin injury
Panthers forward Matthew Tkachuk, who has missed four games since suffering a groin injury during the 4 Nations Face-Off, was placed on injured reserve.ESPN - 2d -
Businesses Are Betting on a Tax Cut Extension
The federal budget debate has big implications for the economy. Despite questions about the math, investors expect an extension of the 2017 tax cuts.The New York Times - Feb. 22 -
Court Approves $795 Million Debt Deal for Spirit Airlines
A U.S. Bankruptcy Judge approved the Spirit Airlines’ restructuring proposal.Inc. - Feb. 20 -
Willingness to ease off ‘debt brake’ may decide the German election
Rule dating from 2009 that limits borrowing looks vulnerable as main political parties promise to revive stalled economy. Germany is used to running its economy with the brake on. Ever since the ...The Guardian - Feb. 21 -
Debt forgiveness vs. Chapter 11 bankruptcy: How to choose the best option
Knowing the difference between these options could be key to successfully getting rid of your debt.CBS News - Feb. 21 -
Debt and Mental Health: How One Couple Found Help
People who find themselves in financial trouble sometimes consider taking drastic measures when their situation appears hopeless. But there is always a way out.The New York Times - Feb. 23 -
Debt and defence headache for Merz after AfD and far left make gains
Election winner could struggle to reform strict borrowing rules due to opposition in next parliamentFinancial Times - Feb. 24 -
How much of your paycheck should go to credit card debt?
If you put more than this amount toward credit card debt each month, you may want to consider other solutions.CBS News - Feb. 24 -
Merz examines using outgoing parliament to loosen debt brake
German election winner says he will hold talks with other parties to adopt constitutional change in next 30 daysFinancial Times - Feb. 24 -
5 borrowers who should consider debt management now
If you recognize yourself in any of these categories, this may be the time to consider a debt management program.CBS News - Feb. 24 -
Why Germany’s debt rules are a bellwether for EU defence spending
Also in this newsletter: can European lawmakers convince the US to change its tone on digital taxes?Financial Times - Feb. 25 -
How New York’s Plan for Reparations Became a Debt Trap for Marijuana Retailers
New York persisted with a plan to build flagship dispensaries for people the state once prosecuted for weed offenses, even as it failed to meet its goals.The New York Times - 6d -
Can your Social Security benefits be garnished by a debt collector?
If you receive Social Security and owe debt collectors money, your benefits could be at risk. Here's why.CBS News - 5d -
What debt relief options make the most sense for seniors?
If you're dealing with high-rate credit card debt during retirement, these strategies could help you get rid of it.CBS News - 4d -
How does inflation impact credit card debt? Experts weigh in
With inflation rising again, credit card debt might get more challenging, too. Here's what to know now.CBS News - 1d -
How long does credit card debt relief take?
Considering a debt relief strategy to get rid of your credit card debt? Here's how long the process could take.CBS News - 8h -
Germany’s future coalition partners to relax debt rules to boost defence budget
Conservative alliance and Social Democrats to propose exempting spending of more than 1% of GDP on defence. The prospective partners in Germany’s next government have said they will seek to loosen ...The Guardian - 8h -
Thousands of IRS employees expected to be fired by Trump administration this week
One month into Trump's new administration, the president is continuing with his efforts to reshape the federal government. More than 6,000 IRS employees are expected to be fired by the end of the ...CBS News - Feb. 20 -
6,000 IRS Employees Fired in Latest Round of Trump Cuts
Labor unions have sued to try to stop the mass firings, but this ruling has allowed them.Inc. - Feb. 20