Interest rates on high-yield savings accounts were through the roof for much of 2024. They helped depositors earn rich ...

Navigate an IRS bank account levy. Understand its meaning, how it works, legal framework, impact, response strategies, and ...

The Internal Revenue Service (IRS) has taken a firm stance on tax compliance, introducing measures that could result in the closure of bank accounts if taxes are not settled. This system is designed ...

Each year, millions of Americans engage in the critical task of filing their taxes, a process that underscores the importance ...

Millions of taxpayers walk away from tax season every year without realizing the government may still be holding their cash.

Not surprisingly, a lot of Americans aren’t fond of the IRS. In fact, as the agency responsible for collecting federal taxes, the IRS received the lowest favorability rating among 16 federal agencies ...

More than $9 billion in financial crime was uncovered by IRS criminal investigations in 2024, with offshore accounts starring in many of the cases. Plus, the U.S. government's reach now extends well ...

The U.S. Supreme Court rules that the IRS does not need to provide notice to innocent bank account holders when the summonses are issued in aid of collection of a delinquent taxpayer’s tax assessment ...

If you’re planning to deposit a significant amount of cash into your bank account, there’s a specific threshold that could automatically trigger federal attention, even if everything you’re doing is ...

WASHINGTON (Reuters) - Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income ...

Feb 13 (Reuters) - The U.S. Internal Revenue Service on Tuesday sued the Federal Deposit Insurance Corporation, asking a judge to determine how much the FDIC must pay to cover an estimated $1.45 ...