How to Avoid Penalties on 2019 and 2020 Unfiled Tax Returns
September 1, 2022
Do you have unfiled tax returns from 2019 or 2020? Right now, the IRS is letting taxpayers catch up without interest or penalties. This is an extremely rare opportunity, and it gives taxpayers the chance to save hundreds or even thousands of dollars in penalties and interest. But you need to act fast — you only have until September 30 to take advantage of this program.
27% Fewer IRS Liens and 23% Less IRS Levies in FY 2021 Than 2020
June 4, 2022
For the second year in a row, there was a dramatic drop in IRS liens and levies. In Fiscal Year 2020, the IRS filed 291,081 liens, and the agency sent out 396,269 notices of levies requested from third parties. The following year, in FY 2021, liens dropped to 212,251 and levies dropped to 305,610.% ( ) [ ] " ? $
IRS Taxpayer Migration Data 2019-2020: Taxpayers Migrating to Low Tax States
May 31, 2022
Every year, the IRS releases a report on taxpayer migration. The newest release from May 2022 shows migration patterns between tax years 2019 and 2020. The IRS collects data on the number of personal tax returns filed by taxpayers who migrated in and out of all 50 states and the District of Columbia, as well as the adjusted gross income (AGI) associated with these returns.
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