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A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It.
The Wall Street Journal· 5 hours agoOverall, the agency assessed $7 billion in estimated-tax penalties in 2023, nearly four times the...
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....
What it will take to make Direct File permanent
Government Executive· 1 hour 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...
IRS warns taxpayers about paying massive penalties
Newsweek· 4 days agoThe Internal Revenue Service (IRS) has issued a stark reminder to taxpayers who missed their April deadline that they could face severe penalties if they...
Experts review how Detroit Riverfront Conservancy could have missed alleged $40M fraud
Detroit Free Press via Yahoo News· 3 hours agoEX-CFO William Smith’s indictment has raised questions about how region's top business,...
Weekly IRS Roundup June 3 – June 7, 2024
The National Law Review· 19 hours 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.
IRS update as letters spark anxiety: 'It's annoying'
Newsweek· 2 days agoSeveral taxpayers have reported anxiety after receiving erroneous letters from the Internal Revenue Service claiming they haven't paid their taxes by the...
No, the IRS is not sending out $8,700 stimulus checks
ABC 10 Sacramento· 2 days agoDuring the COVID-19 pandemic, the Internal Revenue Service (IRS) sent out three rounds of economic...
How To Amend A Tax Return? | JD Supra
JD Supra· 7 hours agoThe IRS released Tax Tip 2024-38, April 25, 2024, to explain to taxpayers how to amend a tax return. If a taxpayer discovers an error after filing their return, the taxpayer ...
Use of Plan Forfeitures Not the Slam Dunk It Used to Be
The National Law Review· 2 hours agoA recent rash of class action lawsuits in California claim that using forfeitures to reduce future...