Tax News
What’s Happening in the world of taxes
What the right to challenge the IRS’s position and be heard means for taxpayers
The IRS wants every taxpayer to be know and understand their rights in the event they need to work with the IRS on a personal tax matter. These 10 fundamental rights are collectively known as the Taxpayer Bill of Rights. Included on this list is the right to challenge the IRS’s position and be heard. Here’s more about what this right means for taxpayers.
The Work Opportunity Tax Credit helps businesses that hire from eligible groups
Finding work can be a hard for anybody and certain groups face even bigger challenges. The Work Opportunity Tax Credit is extended through the end of 2025 to help employers that hire workers certified as members of these groups that face barriers to employment:
Every taxpayer has the right to pay no more than the correct amount of taxes
The IRS works to make sure taxpayers pay no more than the correct amount of tax.
Taxpayers have the right to pay only the amount of tax legally due, including interest and penalties, and to have the IRS apply all tax payments properly. This is one of 10 basic rights known collectively as the Taxpayer Bill of Rights.
