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IRS makes free tax return program permanent and is asking all states to join in 2025
WBAY Green Bay· 5 days agoThe IRS said Thursday it will make permanent the free electronic tax return filing system that it...
IRS sues Ohio doctor whose views on COVID-19 vaccinations drew complaints
WFMJ Youngstown· 29 minutes agoCLEVELAND (AP) — An Ohio doctor who drew national attention when she claimed COVID-19 vaccines made people magnetic is being sued by the federal government over claims she hasn't paid...
IRS makes Direct File a permanent option
Mashable· 17 hours agoWhen it launched earlier this year, Direct File offered eligible taxpayers in select states the opportunity to file their taxes directly with the IRS,...
IRS announces changes coming to how Americans in all 50 states file taxes
The Republican· 15 hours agoNext year, the Direct File free tax filing initiative piloted in some states in 2024 will become a...
IRS Removal of Automatic Accounting Methods Sure to Disappoint
Bloomberg Law· 1 day agoThe IRS’s April revision to its automatic accounting method procedures means taxpayers now must obtain IRS consent in a formal letter ruling to change part ...
IRS update gives tax filing boost to millions
Newsweek· 4 days agoThe Internal Revenue Service (IRS) has announced it will extend and expand its Direct File option for the 2025 tax filing season. The IRS launched its...
IRS makes major change for residents in all 50 states
Birmingham News· 23 hours agoIt will become permanent for tax filers in 2025 and expanded for more taxpayers in the coming years....
Disputing FBAR With the IRS Requires Novel, Nuanced Arguments
Bloomberg Law· 4 hours agoTaxpayers and practitioners have grown accustomed to courts siding with the US government in cases on Reports of Foreign Bank and Financial Accounts, or FBAR. It’s possible for a taxpayer to ...
IRS Can Deny Charitable Tax Deductions When You Get Something Back
Forbes· 1 day agoDonations to charity are supposed to be motivated by generosity, not to benefit in a business deal in which you get something in return. How does the IRS determine if a purported ...
IRS Issues Fact Sheet on Disaster Relief Distributions and Plan Loans | JD Supra
JD Supra· 1 day agoThe May 3, 2024 Frequently Asked Questions (FAQs) are similar to past guidance the Internal Revenue Service (IRS) issued following large-scale federal disasters like Hurricane ...