Sage-Tips

Is the Department of Revenue and IRS the same thing?

The Internal Revenue Service (IRS) is the revenue service of the United States federal government, which is responsible for collecting taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.

What is the difference between IRS and state tax?

The chief distinction is that state withholding is based on state-level taxable income, while federal withholding is based on federal taxable dollars. State withholding rules tend to vary among the states, while federal withholding rules are consistent everywhere throughout the United States.

Does the IRS control state taxes?

Under the State Income Tax Levy Program, the IRS can levy (take) your state tax refund to offset back taxes, addressing any tax debt you might owe. If this happens, the state will give you notice of the levy. The IRS will also give a notice, after the levy, offering you the opportunity to appeal the debt offset.

Which Comes First federal or state refund?

Federal has always come first and the state return usually a week or two after. Did something go wrong? The timing of a federal tax return refund and one from your state can vary. The state refunds are sometimes processed quicker than the IRS depending on the individual state timing.

How many IRS agents are there?

The IRS already has over 2,000 armed agents to enforce tax law. How many of the new 87,000 new agents will be armed?

Why would I owe state taxes?

If you paid too much in taxes during the year through payroll withholdings, then you may get a refund. If you paid too little in withholding then you may owe additional tax. This return determines what you owe in state income taxes, based on your income and which tax deductions or credits you claim.

What is state income tax based on?

State income tax is usually based on your state of residence. If your state of residence imposes an income tax, you must typically report all income you earned during the year and pay tax at the appropriate rate, regardless of where you earned the money.

Is IRS Gov federal or state?

Internal Revenue Service. An official website of the United States government.

How long after you get your state do you get your federal?

The IRS (federal return) and your State, process completely separate. For your federal tax return, if your return was accepted less than 21 days ago, hang in there. It can take anywhere from a few days to 3 weeks to go from acceptance to approval.

Why did I get my federal refund but not state?

The IRS and your state have separate refunding procedures and schedules, which just means your refunds are processed separately for federal and state. Some may get their federal refund before getting the state one, and vice versa.

What is the Department of revenue?

Department of Revenue. Federal agency responsible for handling revenue generated from the taxation of citizens and businesses. This agency is also responsible for the collection of a wide variety of taxes. Each state has its own department of revenue that collects local and state taxes.

What is the US Department of revenue?

The Department of Revenue is the primary agency for collecting tax revenues that support state and local governments in Mississippi.

Where do I go for tax forms?

Go to IRS.gov.

Scroll down to “Forms and Instructions.”

If you see the name of the form you need,click on it. Otherwise,click on Search Forms and Instructions.

What is IRS Revenue Agent?

What is a ‘Revenue Agent’. A revenue agent is an accountant employed by the Internal Revenue Service (IRS) or local or state governments to examine and audit tax returns and records.