The Internal Revenue Service (IRS) has increased its efforts to crackdown on fraud. The push began in 2015 when tax fraud was at "near crisis" levels. This caused the IRS to pair up with state officials in an effort to better detect false returns.
The Tax Cuts and Jobs Act (TCJA) led to major tax reform. We are starting to see the impact of these changes as individuals begin filing their tax returns for the 2018 tax year. Because the changes were so large, it is helpful to focus in on specific areas to understand how the TCJA affects that part of a taxpayer’s tax returns.
Perhaps your estimated tax withholdings were not enough or maybe a tax bill has been growing over the years. Whatever the reason for a large, unmanageable tax bill it is important to know that there are options to help you pay your bill.