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IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 21 hours agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
JD Supra: IRS Extends Post-Death RMD Relief Under the 10-Year Rule for 2024 Distributions
JD Supra· 1 day agoThis relief was intended to address potential confusion regarding the IRS’s interpretation (as expressed in the proposed RMD regulations published in 2022 ...
COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 20 hours agoThe IRS’ 2023 improper payment rates for various refundable tax credits were alarmingly high: 14...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press· 23 hours agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
IRS Issues FAQs on Educational Assistance Programs | JD Supra
JD Supra· 2 days agoThe IRS has issued a new fact sheet (FS-2024-22) to address frequently asked questions about educational assistance programs (EAPs), also known as Section ...
Mail From The IRS | JD Supra
JD Supra· 12 hours agoFor the most part, Taxpayers do not want to receive mail from the IRS or open mail from the IRS. This is why IRS issued Tax Tip 2024- ...
Timothy Holdiness: Protect Our Seniors: Crack Down on IRS Impersonation Scams
McComb Enterprise-Journal· 20 hours agoAs part of ongoing efforts to safeguard our senior community, the IRS recently issued a warning about a surge in impersonation scams targeting older adults in Mississippi ...
IRS warns against scams targeting South Carolina seniors - ABC Columbia
ABC Columbia· 4 days agoScammers are targeting older adults in South Carolina by pretending to be government officials,...
Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships
CNBC· 4 days agoIRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington,...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 3 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...