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New Safe Harbor for the Domestic Content Bonus Tax Credit
The National Law Review· 15 hours agoLate last week, the Internal Revenue Service (“IRS”) and Department of the Treasury issued highly...
Three tax refunds that are raising alarms with IRS
Newsweek· 6 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...
Opinion | The IRS Money Hole Gets Deeper
The Wall Street Journal· 12 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...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 14 hours agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
5 Things You Should Know Now About IRS Form 3520-A
Forbes· 1 day agoU.S. persons with interests in foreign trusts often have complicated international reporting obligations. Aside from an IRS Form 3520, these persons may have separate requirements ...
25 Investigates: Identity theft tax fraud leading to long waits for refunds
FOX 25 Boston· 7 hours agoAccording to an annual report by the National Taxpayer Advocate, “Individuals who are victims of...
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 1 day agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
IRS Identity Theft Case Processing Slows, Taxpayer Advocate Says
Bloomberg Law· 19 hours agoThe IRS is taking 22 months to process and send refunds to victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said Tuesday. This is up from 19 ...
IRS Racial Audit Disparities Need Accountability to Be Resolved
Bloomberg Law· 1 day agoThe IRS finally acknowledged this month what Stanford’s Institute for Economic Policy research uncovered in 2023: Racial disparities in taxpayer audit rates have negatively ...
Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 1 day agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
