Latest in Tax Debt Irs
Sort by
269 items
-
Can I negotiate my old tax debt with the IRS?
The IRS can use aggressive tactics to collect your tax debt, but you may be able to negotiate a settlement instead.CBS News - 9h -
Conservative ire threatens to jeopardize key vote on Trump agenda bill
Speaker Mike Johnson’s (R-La.) plan to hold a key vote for the GOP’s sweeping agenda bill this week is in jeopardy as hardline conservatives voice opposition to the level of spending cuts in the ...The Hill - 18h -
Owe the IRS more than $10,000? Here's what to do.
There are a few different approaches you can take if you owe the IRS over $10,000 in taxes. Here's what to know.CBS News - 3d -
4 ways a tax relief service can reduce your tax bill
If you owe back taxes to the IRS, the right tax relief service could help reduce your bill. Here's how.CBS News - 5d -
Tax scams: What to watch for in 2025
Each year, scammers refine their tactics to trick taxpayers out of their money. Here's what to watch for this year.CBS News - 6d -
IRS starts new tax rule for digital income
A new rule being implemented for the 2024 tax year means revenue over $5,000 collected through platforms like PayPal or Venmo has to be reported. That includes payments for concert tickets, clothes ...CBS News - 6d -
Why the IRS may be coming to tax your cryptocurrency
This is how many crypto investors evade taxes.MarketWatch - Jan. 27 -
Making money online? The IRS is cracking down on unreported income
The world of "side hustles" has opened the door for many to make money in previously unconventional ways.The Hill - Jan. 27 -
IRS expands free tax filing program to new states: Are you eligible?
A free tax filing program from the IRS is now available in 25 states.The Hill - Jan. 26 -
The GOP debt limit jam
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story GOP faces tough decision on debt limit Some House Republicans are getting anxious ...The Hill - Jan. 24 -
-
IRS Free Tax Filing System Will Include 13 More States
The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will happen to the program next year.The New York Times - Jan. 24 -
What happens if you owe the IRS but can't pay?
Owing money to the IRS is stressful, especially if you're unable to pay. Here's what happens in those situations.CBS News - Jan. 23 -
From tax lottery to tax credit: A better way to help disaster victims
As natural disasters leave many Americans facing economic hardship, the tax code's casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty tax ...The Hill - Jan. 23 -
Why fans of the IRS’s free tax-prep program hope it becomes the next Obamacare
The longer the Direct File tax-prep program sticks around, the harder it is to end it, which is what critics fear — and supporters wantMarketWatch - Jan. 23 -
How is gold taxed?
Gold investments fall into several tax categories, experts say. Here's what to know this tax season.CBS News - Jan. 23 -
Progressives focus their ire on US 'oligarchy'
Progressives are focusing their messaging on being anti-oligarchy, training their sights not just on Republicans but also on Democrats they argue are too beholden to corporate interests. Following ...The Hill - Jan. 23 -
Will collections debt go away if I file for bankruptcy?
Getting rid of debt in collections is important if you want to get your finances back on track.CBS News - Jan. 22 -
Trump's and Biden's Inauguration Day pardons draw bipartisan ire
After the Justice Department's four-year effort to arrest, prosecute and punish those behind the Jan. 6 Capitol riot, President Trump granted clemency to roughly 1,500 people Monday night. Earlier ...CBS News - Jan. 21 -
This free tax filing option is 'fast and simple,' IRS says. Here's who can use it
Roughly 70% of taxpayers are eligible for IRS Free File. Here's how to know if you qualify.CNBC - Jan. 21 -
Council urged to scrap 'rat tax'
A councillor has put forward an amendment to a recent review of pest control charges.BBC News - Jan. 21 -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - Jan. 17 -
Can you dispute a debt that was sold to a debt collector?
Disputing a debt that has been sold to a debt collector is not just possible — it's your legal right.CBS News - Jan. 17 -
Tips for paying off debt
With nearly half of Americans carrying credit card balances month-to-month, CBS News business analyst Jill Schlesinger provides tips on how to pay down debt.CBS News - Jan. 16 -
Ex-England boss Eriksson died heavily in debt
Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over £3.8 million ($4.64 million) following years of financial mismanagement.ESPN - Jan. 15 -
How to Pay Your Taxes Online
Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We break it down so you can have the most worry-free tax filing possible.Wired - Jan. 14 -
Penguins place Malkin on IR; Bunting in car accident
The Pittsburgh Penguins placed center Evgeni Malkin on injured reserve on Sunday with an upper-body injury.Yahoo Sports - Jan. 13 -
More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time
If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.CNBC - Jan. 12 -
House Republicans face massive debt problem
House Republicans have a problem. They want to pass a massive agenda for President-elect Trump, preferably in his first 100 days of office. And they don’t want to add to the federal deficit. That ...The Hill - Jan. 11 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
IRS announces the start of the 2025 tax season
The 2025 tax season will begin on Jan. 27 for individual taxpayers. Here are some options to file your 2024 taxes for free.CNBC - Jan. 10 -
Can a debt collector refuse my settlement offer?
Negotiating a successful debt settlement could be a little more complicated than you'd expect.CBS News - Jan. 10 -
Does the IRS ever forgive back taxes?
The IRS may be known for taking a hard stance on tax debt repayment, but that isn't always the case.CBS News - Jan. 9 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - Jan. 9 -
IRS: Missing final 2024 quarterly estimated tax payment could trigger 'unexpected penalties'
The fourth-quarter estimated tax payment for 2024 is Jan. 15. Here's how to avoid "unexpected penalties," according to the IRS.CNBC - Jan. 9 -
Canadiens Players Hit Hardest By Taxes
The Hockey News had a tax expert produce tax returns for player earning $3 million USD in all 32 markets and the data shows the Canadiens' player really are hit the hardest by taxes.Yahoo Sports - Jan. 9 -
Trump's IRS pick raises concerns about qualifications, Sen. Warren says
The background of Billy Long, an ex-congressman and auctioneer, raises questions about his qualifications, Sen. Warren says.CBS News - Jan. 9 -
Taxpayer Advocate urges Congress to preserve IRS funding for service, technology
The National Taxpayer Advocate has urged Congress to preserve IRS funding for taxpayer service and technology amid Republican scrutiny.CNBC - Jan. 8 -
Who qualifies for the IRS Fresh Start program?
The IRS' Fresh Start program could help you catch up on delinquent tax debt — but you'll have to qualify first.CBS News - Jan. 7 -
What proof must credit card debt collectors provide for a debt?
Debt collectors must provide proof that a debt is valid. Otherwise, they have to stop their collection efforts.CBS News - Jan. 6
