Taxpayers

A new report published says that the IRS audits Black taxpayers at a significantly higher rate than non-Black taxpayers. The paper, published by Stanford’s Institute for Economic Policy Research, said that despite the IRS’s “race-blind audit selection,” Black taxpayers are audited 2.9 to 4.7 times more often than non-Black taxpayers. However, the research did not suggest […]

Last Year, IRS postponed tax-filing deadline from April 15th to July 15th.  Not only were taxpayers given an extra three months to submit their returns, but they also got three more months to pay any tax debt they owed without incurring interest or penalties. NOT THIS YEAR! The IRS has confirmed this week that it […]

Free File Alliance, an IRS program that partners with private companies to provide free tax preparation to millions of filers. Is available to those whose adjusted gross income was $72,000 or less in 2020. With tax season officially starting on Feb. 12th the agency officially announced last week that Free File was open. The public-private […]

The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This […]