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A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It.
The Wall Street Journal· 14 hours agoOverall, the agency assessed $7 billion in estimated-tax penalties in 2023, nearly four times the...
IRS PLR: ‘Portability’ Election Extension Granted to Allow Surviving Spouse to Use Decedent’s...
Bloomberg Law· 2 hours agoThe IRS has published a private letter ruling on Section 2010, and Treasury Regulations Section 301.9100, regarding the unified credit against estate tax. [PLR 202424014]
Fact Check: About Those $8,700 Stimulus Checks the IRS Is Supposedly Issuing to Qualifying Americans
Snopes via Yahoo News· 3 days agoGetty Images Claim: The IRS is issuing $8,700 stimulus checks to qualifying Americans in 2024....
IRS, federal agencies warn seniors of scams
KHON 2 Honolulu· 3 hours agoAs part of continuing efforts to protect the senior community, the Internal Revenue Service issued a warning about the rising threat of impersonation...
IRS: Taxpayers may avoid a penalty by making a second-quarter estimated payment by June 17
CNBC· 8 hours agoThe second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you...
You may owe the IRS on Monday — skipping it could cost you hundreds
CBS News via Yahoo Finance· 4 hours agoSome taxpayers may not be aware that they owe the IRS a check on Monday, which could lead to their...
New Employee Retention Credit Details Expected Soon, IRS says
Bloomberg Law· 1 hour agoThe IRS is planning to release additional analysis on claims made as part of its pandemic-era employee retention credit program that’s been paused since last year, a top agency ...
What it will take to make Direct File permanent
Government Executive· 10 hours agoThe IRS pilot of a government-backed online tool to file taxes for free, dubbed Direct File, is going permanent, the tax agency announced a few weeks...
Biden to propose new partnership rules as tax battle heats up
The Hill via AOL· 10 hours agoPresident Biden is putting forward new rules to go after wealthy tax cheats as the battle on how to...
Weekly IRS Roundup June 3 – June 7, 2024
The National Law Review· 1 day agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 3, 2024 – June 7, 2024.
