Time is running out for hundreds of thousands of taxpayers to claim their owed 2020 tax refunds, according to the IRS. The agency says nearly $1 billion remains unclaimed ahead of the May 17 filing deadline. About 940,000 people across the country are among those who have unclaimed refunds, with an average median refund of […]
The Internal Revenue Service said Wednesday it’s ramping up audits of corporate jets to collect more in unpaid taxes as part of its push to increase enforcement on wealthier taxpayers. The tax collection agency will conduct three dozen to four dozen audits of companies and wealthy individuals who may be flying in corporate jets for…