Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Some people think followup letters informing them of their right to appeal are a scam. They aren't.
The people who most need the aid “have to jump the most hurdles to get it,” says Chabeli Carrazana, economy reporter at the 19th.
Trying to opt out is a pain, some parents say.
Taxes got extra complicated in 2020, and the IRS has a backlog of 30 million returns that need a manual review.
People have until May 17 to file their 2017 taxes and request their refunds.
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
Many pass their income through partnerships and corporations. Others park money offshore.
Individuals will probably get their American Rescue Plan payments within weeks. State and local governments will wait months.