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JD Supra: IRS Issues New Guidance for Cannabis Companies That Receive Over $10K Cash
JD Supra· 32 minutes agoThe IRS’s Office of Chief Counsel recently published a memorandum providing information for cannabis companies struggling to comply with the completion of Form 8300, which ...
IRS Waives 2024 RMDs For Inherited IRA Beneficiaries
Forbes· 12 hours agoThe IRS has just waived some Inherited IRA RMDs again for 2024. This is the fourth year in a row that the IRS has kicked the can down the road for people...
Week in Insights: IRS Direct File’s Security Should Be a Priority
Bloomberg Law· 3 hours agoThe IRS Direct File pilot program launched this year into a world fraught with threats. While the IRS is no newcomer to information security, taxpayers ...
D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 1 day agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
CNET· 1 day agoThe IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for...
140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear...
Texarkana Gazette· 13 hours agoThe IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file...
5 Things You Should Know Now About IRS Form 5472
Forbes· 12 hours agoCertain corporations (both U.S. and foreign) and certain foreign-owned U.S. disregarded entities must file IRS Form 5472, Information Return of a 25%...
How likely are you to get audited by the IRS?
The Week via Yahoo Finance· 6 days agoApril 15 was Tax Day. If you filed this year, you may be worried about whether you submitted all your materials correctly or put yourself at risk of...
Child Tax Credit 2024: When Will the IRS Send Your Refund?
CNET· 1 day agoTax season might be over, but if you're reading this, you probably haven't received your child tax...
IRS: Direct File Pilot Program Exceeds Usage Expectations
PC Magazine· 21 hours agoThe US Department of the Treasury and Internal Revenue Service announced numbers from the IRS’s...