Are You One of the 940,000 Taxpayers Owed $1B in IRS Refunds from 2021? Here’s What to Know

The IRS just might owe you money from your 2020 tax return — including a 2020 Recovery Rebate Credit — and the unclaimed refund is set to disappear in less than two months. If you didn’t file taxes in 2021 because you didn’t think you qualified, you forgot, or you simply didn’t want to deal with the… Continue reading Are You One of the 940,000 Taxpayers Owed $1B in IRS Refunds from 2021? Here’s What to Know

The IRS Has $1B in Unclaimed Tax Refunds: Here’s How to Get Your Money Before It’s Too Late

The IRS might owe you money from your 2020 tax return — including a 2020 Recovery Rebate Credit — and the unclaimed refund is set to disappear in just under two months. If you didn’t file your taxes in 2021 because you didn’t think you qualified, you forgot, or you simply didn’t want to deal with the… Continue reading The IRS Has $1B in Unclaimed Tax Refunds: Here’s How to Get Your Money Before It’s Too Late

The IRS Is Aiming to Go Paperless by 2025

The IRS wants to do away with paper tax returns. On Wednesday, the agency announced the Paperless Processing Initiative, which will allow taxpayers to digitally submit common tax forms, correspondence and responses to notices by the 2024 filing season, with a goal of “paperless processing for all tax returns” by the following year. “For decades,… Continue reading The IRS Is Aiming to Go Paperless by 2025