One significant reason for lower refunds is that new tax laws and reforms that took effect a few years ago cut several popular deductions (e.g. personal exemption state and local taxes capping at $10,000) for a number of Americans.

Can the IRS collect on taxes over 10 years old?

As a general rule, there is a ten year statute of limitations on IRS collections. This means that the IRS can attempt to collect your unpaid taxes for up to ten years from the date they were assessed. Subject to some important exceptions, once the ten years are up, the IRS has to stop its collection efforts.

What are some interesting stories about the IRS?

One IRS agent from California was indicted for suggesting to delinquent taxpayers to refinance their mortgage to obtain the necessary funds. It turned out he was getting money from a mortgage company for his services. A woman’s house burned down and she was unable to recover her financial documents to properly file her taxes.

How is the life of an IRS officer in India?

The life of an IRS officer is fairly good in India. He stays mostly in big cities and Metros with his family. He is rarely transferred at undesirable places or small stations. An IRS officer deals with the cream of the society who has maximum income and great influence in the society.

What should I do if the IRS asks for more money?

If the IRS is asking for a few thousand dollars or less, you’re probably better off not hiring an enrolled agent, CPA or tax attorney. There’s a good chance that you would have to pay that tax pro a few thousand dollars to challenge an IRS notice—­potentially more with a tax attorney—even if the case appears straightforward.

Is the IRS a friendlier agency than the IRS?

For many taxpayers, it is certain that taxes and dealing with the IRS are among the most stressful and painful things in life, and death may be the only way to escape them. It must be stated that the modern IRS is a much friendlier agency than it once was, and the types of stories presented here happen very rarely today.