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IRS updates help for low income taxpayers
Newsweek· 19 hours agoIRS) has started accepting applications from Low Income Taxpayer Clinic (LITC) matching grants for 2025 from all qualified organizations, the agency...
Missing the Tax Court’s 90-Day Deficiency Deadline – Now What? | JD Supra
JD Supra· 13 hours agoOver the years, I have observed there is only one thing that a taxpayer fears more than being notified by the IRS that their income tax
The IRS Extends Waiver of Excise Tax for 10-Year Beneficiaries, but Not RMDs
Morningstar· 1 day agoOn April 16, the IRS issued Notice 2024-35 in which it announced that the automatic waiver of the...
Missed the April tax-filing deadline? File quickly to avoid penalties and interest
Lexington Clipper-Herald· 11 hours agoThe Internal Revenue Service encourages taxpayers who missed the April tax-filing deadline to file a...
The IRS says it's going after wealthy tax cheats. Here's what new audit stats show.
Morningstar· 2 days agoThe Internal Revenue Service has recovered $500 million from high-income households. After Congress approved billions of extra funding for tax compliance ...
How likely are you to get audited by the IRS?
The Week· 3 days agoThe IRS may choose a tax return to audit at random. For the most part, though, it selects taxpayers whose returns display some kind of suspicious...
IRS Cannot Offset Taxpayer’s Refund With A Disputed Tax Liability | JD Supra
JD Supra· 6 days agoImagine the IRS notifies Taxpayer that they have an outstanding tax liability with respect to Tax Year, and that the agency intends to ...
Reselling Tickets for Taylor Swift's Tour and Other Popular Events Can Mean Big Money. The IRS Is...
CNET· 2 days agoIf it's money earned, it needs to be noted on your tax return. You may not receive a tax form for...
IRS Updates Foreign Life Insurer Yield Benchmark In Rev. Proc. 2024-20 | ThinkAdvisor
ThinkAdvisor· 3 days agoThe Internal Revenue Service reported on the pain Friday in Revenue Procedure 2024-20, a batch of...
How Long It Typically Takes the IRS To Reach Out If It Finds a Mistake on Your Taxes
GOBankingRates via Yahoo Finance· 5 days agoTaxes can be a joyous time for those expecting a tax refund this year. They can also be a...