You’ve always filed your income tax returns electronically in the past. Your returns were less vulnerable to calculation errors and you received your tax refund much quicker than you did filing paper returns. But this year, when you attempted to e-file your federal income tax return, the IRS rejected your submission, issuing a statement that […]
Articles from March 2022
April 2022 Sees IRS Interest Rates Increase
As of April 1, 2022, the IRS raised its interest rates for the quarter. These changes apply to quarterly taxpayers, such as corporations and self-employed filers. The IRS announced the new rates as follows: How higher IRS interest rates affect your liability Liabilities accrue interest over time, so it’s likely that an outstanding balance will […]