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Two individuals thought that they could get a little- or a lot- of extra cash by filing incorrect information on their tax return forms
The IRS issued final rules pertaining to charitable deduction substantiation. With some exceptions, the regulations impact charitable contributions made after July 2018
The IRS can use levies to seize assets including wages, financial accounts, real estate, and vehicles. The IRS can liquidate other of your belongings as well to collect back taxes. Yet the IRS does not have unlimited powers.