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$1 Billion in Tax Refunds Disappears Today If You Don't Claim It
CNET· 6 hours agoAlmost 1 million people are about to lose their tax refunds from 2021 -- including a stimulus check in the form of the 2020 recovery rebate credit -- simply because they didn't file a tax return ...
Employer Best Practices for Maximizing Updated W-4 Compliance
Bloomberg Law· 1 hour agoIn 2020 the IRS introduced a redesigned Form W-4, which underwent significant changes as a result of the Tax Cuts and Jobs Act. “So long as sections one and five are completed ...
Weekly IRS Roundup May 6 – May 10, 2024 | JD Supra
JD Supra· 14 hours agoRevenue Ruling 2024-09, which provides the May 2024 applicable federal rates. Notice 2024-35, which provides guidance related to certain specified required minimum distributions for certain ...
Terrible tax tips promoted on social media trigger big refund headaches for 2023 returns
Detroit Free Press· 1 day agoThousands of taxpayers in metro Detroit and elsewhere are dealing with the ugly fallout from some truly awful tax advice during the past tax season. IRS letters are piling ...
TikTok tax advice could lead to thousands of delayed refunds and/or audits, IRS warns
Fortune via Yahoo Finance· 2 days agoIf you took advantage of a "pro tip" from social media as you figured out your taxes this year, you...
...Tax Law Offices of David W. Klasing - How Are "Enhanced IRS Targets" High Risk Audits and...
FOX 5 San Diego· 1 day agoAn Internal Revenue Service (IRS) audit is a formal investigation of a taxpayer's financial information. During an audit, IRS agents will carefully review ...
IRS Puts New Measures In Place For Tax Professionals To Protect Tax Data
Forbes· 4 days agoWith identity theft and refund fraud an ongoing concern, the IRS is implementing new security...
IRS Data Leak Hits Home: Actions for Taxpayers in the Wake of the Littlejohn IRS Data Breach
The National Law Review· 4 days agoThis past January, a former IRS contractor, Charles Littlejohn, was sentenced to five years in...
IRS Offers Update On Contractor Data Leak, Touts New Taxpayer Protections
Forbes· 4 days agoThe contractor, Charles Edward Littlejohn, pleaded guilty to unauthorized disclosure of tax return...
IRS Says "Well-Meaning" Taxpayers Fraudulently Filed 3 Claims: "They've Been Tricked"
Best Life· 2 days agoNo one wants to end the tax season by cutting a big check to the Internal Revenue Service (IRS)....