Tax Information For Student With Financial Aid Applications
Jun28

Tax Information For Student With Financial Aid Applications

To protect sensitive taxpayer data, the IRS and FSA the Data Retrieval Tool (DRT) on fafsa.gov and StudentLoans.gov used to access your tax information for the FAFSA and income-driven repayment (IDR) plan applications is currently unavailable. While we are working to resolve these issues as quickly as possible, the tool will remain unavailable until extra security protections can be added. See: IRS Offers Help to Students, Families to...

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IRS Cautions Taxpayers To Watch Out For Summertime Scams.
Jun26

IRS Cautions Taxpayers To Watch Out For Summertime Scams.

The Internal Revenue Service today issued a warning that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes involving the tax system that continue to claim victims. “We continue to urge people to watch out for new and evolving schemes this summer,” said IRS Commissioner John Koskinen. “Many of these are variations of a...

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Is The IRS Really Calling You?
Jun24

Is The IRS Really Calling You?

Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email. Don’t get scammed. We want you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee. The IRS initiates most contacts through regular mail delivered by the United States Postal Service. However, there are special circumstances...

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What Is An Offer In Compromise?
Jun21

What Is An Offer In Compromise?

Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise. Before applying for an Offer in Compromise, here are some things to know: In general, the IRS cannot accept a settlement offer if the taxpayer can afford to pay what they owe. Taxpayers should first explore other payment options. A payment plan is one possibility....

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Identity Prevention, Protection, Detection And Victim Assistance.
Jun18

Identity Prevention, Protection, Detection And Victim Assistance.

Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. The IRS combats tax-related identity theft with an aggressive strategy of prevention, detection and victim assistance. We’re making progress against this crime, as it remains one of our highest priorities. Tax-related identity theft occurs when someone uses your Social Security number to file...

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