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Three tax refunds that are raising alarms with IRS
Newsweek· 5 days agoThe IRS is warning taxpayers they may need to amend their returns if they filed for three specific tax credits. Many Americans may have fallen victim to...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 4 hours agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
Bank of America appeals IRS win in $163 mln bank merger tax fight
Reuters· 1 hour agoCircuit Court of Appeals that a judge “rewrote” a key federal tax provision when he substantially...
Hundreds wait in long lines at IRS offices in Detroit to verify IDs and get tax refunds
Detroit Free Press via Yahoo Finance· 2 days agoMany people are now stressed out over their taxes, even though the IRS had a fairly good season, as...
Opinion | The IRS Money Hole Gets Deeper
The Wall Street Journal· 2 hours agoThe Internal Revenue Service can’t write its own checks, which means it has to ask Congress for funding like any other agency. Commissioner Danny Werfel...
Tax Court Strikes out Smoltz and Klesko’s Big K SCE, but Provides Relief for Those Facing Fraud...
The National Law Review· 2 hours agoIn the late 1990s, former Atlanta Braves players John Smoltz and Ryan Klesko formed Big K Farms...
New Safe Harbor for the Domestic Content Bonus Tax Credit
The National Law Review· 5 hours agoLate last week, the Internal Revenue Service (“IRS”) and Department of the Treasury issued highly...
TikTok tax advice could lead to thousands of delayed refunds and/or audits, IRS warns
Fortune via AOL· 6 days agoMost taxpayers do not. Sick Leave of Family Leave credits were available in 2020 and 2021 for people...
Crypto Broker Reporting Regulations Should Avoid Mismatch Risk
Bloomberg Law· 16 hours agoThe IRS’s April 19 release of the draft Form 1099-DA—which will be used to report certain sales and exchanges of digital assets on or after Jan. 1, 2025—may indicate that ...
4 in 10 Americans Aren't Prepared for a Medical Emergency. This Account Could Help
The Motley Fool via AOL· 3 hours agoFunding an HSA could make it easier to sock away money for medical expenses, due to the tax break...
