Internal Revenue Service
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
Being uninsured in America will cost you more in 2015.
Aggressive calls from scammers claiming to be from the IRS have conned more than $5 million from U.S. taxpayers as the victims are told they owe thousands of dollars in back taxes and are threatened with repossession and jail time.
They are part of congressional probes into the treatment of conservative groups that applied for tax-exempt status.
But if you count on your tax refund and you’re one of the millions getting tax credits to help pay health insurance premiums under President Barack Obama’s law, it’s not too early.
A federal judge is ordering the IRS to explain under oath how it lost a trove of emails to and from a central figure in the agency’s tea party controversy.
Congressional investigators say Lois Lerner expressed interest in an audit of Sen. Charles Grassley.
The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven’t been paying their U.S. taxes.
People who are caught lying on their Obamacare applications in an effort to obtain bigger taxpayer-funded subsidies could face a maximum fine of $250,000.