fbpx

How to Track Your IRS Tax Refund Status

How to Track Your IRS Tax Refund Status - Rush Tax Resolution

While roughly a third of Americans don’t know whether to expect tax debt or a tax refund, nearly half of surveyed taxpaying Americans expect a tax refund at the end of the tax year. The IRS claims that as many as 75 percent of taxpayers overpay. Tax refunds can range from a few dollars to thousands of …

Continue reading

IRS Audit Techniques Guides (ATGs) Are Valuable Business Resources

IRS Audit Techniques Guides (ATGs) Are Valuable Business Resources - Rush Tax Resolution

The IRS only audited 230,340 tax returns in 2019, accounting for 0.31 percent of all incoming tax returns for that tax year. In contrast, the IRS audited roughly 1.11 percent of all returns as recently as 2010, and audits were even more common. Yet despite historically low auditing rates, the IRS has dramatically expanded its auditing operations …

Continue reading

Failure to Pay Penalty: What to Know

Failure to Pay Penalty: What to Know - Rush Tax Resolution

No one wants to owe taxes to the government. Still, unfortunate circumstances – whether it’s a miscalculation, a missed payment, a forgotten deadline, or financial difficulties – can quickly land you in hot water with the IRS and lead to a black mark on your tax account. Tax debt carries a substantial toll, as it …

Continue reading