SLK Financial Services

Did you know knowing your current federal and state tax brackets is the foundation of tax planning, as it helps determine the impact of various strategies.

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IRS Is Boosting Its AI Efforts. Lawmakers Cautiously Applaud.

IRS Is Boosting Its AI Efforts. Lawmakers Cautiously Applaud. Lawmakers focusing on the use of artificial intelligence in this Congress say they’re skeptical but optimistic about how the IRS plans to use the technology.

Gap between U.S. Income taxes owed and paid is set to keep growing, the IRS says

Gap between U.S. income taxes owed and paid is set to keep growing, the IRS says For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.