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IRS warns taxpayers about paying massive penalties
Newsweek· 1 day agoThe Internal Revenue Service (IRS) has issued a stark reminder to taxpayers who missed their April deadline that they could face severe penalties if they...
Understanding IRS Form 56: A Guide For Taxpayers And Fiduciaries
Forbes· 23 hours agoIRS Form 56 is a pivotal document in tax and financial regulations. Officially titled, “Notice...
IRS update impacts tax returns for people in two states
Newsweek· 1 day agoThe Internal Revenue Service (IRS) has offered an extension for taxpayers in West Virginia and...
U.S. Tax - How Long Does The IRS Have To Catch Me?
Forbes· 23 hours agoThe Internal Revenue Service (IRS) has a very long arm that can grab onto taxpayers many years after they have made a tax mistake, or worse. With the...
IRS is expanding its free filing program. Here's what that means for taxpayers.
Yahoo Finance via AOL· 6 days agoDirect File, the IRS’s free online tax filing tool, is here to stay. Yahoo Finance chatted with...
IRS Document Upload Tool Hits One Million Submissions As Team In Charge Gets Award Nod
Forbes· 6 days agoThe IRS has accepted its one millionth taxpayer submission using the Document Upload Tool. The tool...
Important IRS deadline ahead
Birmingham News· 1 day agoThe Internal Revenue Service is reminding taxpayers of an important filing deadline. Taxpayers whose income is not subject to withholding must pay their...
Treasury and IRS Release Updated Guidance on Energy Communities | JD Supra
JD Supra· 21 hours agoOn June 7, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2024-48. This notice includes lists of information that taxpayers ...
Trump wants IRS to stop taxing workers’ tips, as Americans say tipping is ‘out of control’
Market Watch· 12 hours agoCould the tax rules for tip income really vanish at a time when so much of the tax code’s current...
Biden’s IRS is using scare taxes to discourage legitimate tax strategies
The Hill· 5 days agoThe IRS continues to issue press releases with cherry-picked or misleading data that cast long...