Feb 21, 2024 · In the best-case scenario, filing your taxes is monotonous yet painless, resulting in a modest return. In the worst-case, it can become a bureaucratic nightmare, resulting in increased payments and an IRS audit that might turn your financial life upside-down.

Oct 30, 2014 · More than 75 percent of all taxpayers get an average tax refund of $3,000 -- nothing scary about that. Even though many people feel taxes are scarier than speaking in public, for the majority of people, tax-time is the single largest cash windfall of the year.

Feb 28, 2025 · After the IRS has mailed you letters, issued tax liens, and tried other remedies to settle your bill, the tax agency may have more options to get you to pay. Read on for what the IRS can and...

Feb 26, 2021 · The IRS has an ominous reputation, spurred on by stories about Al Capone and scary voicemails from fraudsters threatening legal action if you don’t call and pay your tax debt immediately...

Oct 28, 2019 · Here are four terrifying tax situations to get you in a Halloween mood. Be afraid, but also be prepared, on this Oct. 31 as well as year-round. 1. Audit: There's no need to build up to this scare, which can occur any time of the year.

Oct 30, 2018 · Let’s look at some of the different types of tax situations you could see, and how scary they might be. You receive a W-2 or 1099 after your returns have already been filed. You hardly have to scream about this one.

Oct 29, 2019 · But for others, tax time is scary. Maybe it’s the IRS. Maybe it’s feeling unprepared. Whatever the case, sometimes it just helps to identify what is scaring you. Here are some of the most common questions surrounding tax filing – and how you can face them. What happens if I make a mistake on my taxes?

Oct 29, 2024 · From a ban on owning residential real estate by foreigners, the underused housing tax aimed at foreigners, the silly “flipping tax,” the ridiculous ban on deduction of expenses for certain short-term rental owners, a proposed vacancy tax and recently introduced measures to encourage homeowners to become landlords, the story just gets ...

Oct 2, 2024 · Read on to discover some of the most critical and pressing challenges taxpayers will likely face. 1. IRS Customer Service is (Still) Lacking. Let’s face it; the IRS has never had a reputation for stellar customer service, and it’s not likely to improve in the future. In the fiscal year 2019, the IRS received around 100 million telephone calls!

Oct 30, 2024 · Most scary tax situations arise from procrastination—whether it’s filing after the deadline or ignoring communications from the IRS. To help you stay prepared, here are some …