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Tax Tip 2022-159, October 18, 2022 ¡ª An Offer in Compromise can be an effective way individuals and businesses to settle federal tax debt. This federal program allows taxpayers to enter into an agreement, with the IRS, that settles a tax debt for less than the full amount owed.

Tax Tip 2024-81, Oct. 3, 2024 ¡ª The Oct. 15 extension deadline to file taxes is fast approaching. Most taxpayers who requested an extension of time to file their 2023 tax return must file by Tuesday, Oct. 15, to avoid the penalty for filing late.

FS-2024-28, Aug. 2024 ¡ª Crowdfunding distributions may be includible in the gross income of the person receiving them depending on the facts and circumstances.

Tax Tip 2025-17, March 13, 2025 ¡ª Taxpayers who want to file free federal tax returns have several options that offer online tax preparation, electronic filing and direct deposit of refunds for free.

Tax Tip 2024-55, June 5, 2024 ¡ª Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation.

Tax Tip 2024-59, June 20, 2024 ¡ª Mediation ¨C also known as alternative dispute resolution ¨C can help taxpayers resolve tax issues early and efficiently.

Tax Tip 2024-61, June 26, 2024 ¡ª IRS.gov has information disaster victims may need, including information about disaster-related filing extensions and tax relief.

Tax Tip 2024-62, July 1, 2024 ¡ª Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits.

Tax Tip 2024-91, Dec. 3, 2024 ¡ª Taxpayers should watch out for gift card scams especially during the holiday season. The IRS never asks for or accepts gift cards as payment for a tax bill.

Tax Tip 2024-92, Dec. 5, 2024 ¡ª During the ninth annual National Tax Security Awareness Week, the IRS and its Security Summit partners want to assist taxpayers in recognizing tax scams and fraud to keep their information safe and out of the hands of identity thieves and scammers.