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JD Supra: IRS Issues New Guidance for Cannabis Companies That Receive Over $10K Cash
JD Supra· 4 hours 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 ...
Week in Insights: IRS Direct File’s Security Should Be a Priority
Bloomberg Law· 6 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 ...
IRS Waives 2024 RMDs For Inherited IRA Beneficiaries
Forbes· 15 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...
Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
CNET· 2 days agoThe IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for...
D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 2 days agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
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· 24 hours agoThe US Department of the Treasury and Internal Revenue Service announced numbers from the IRS’s...
140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear...
Texarkana Gazette· 16 hours agoThe IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file...
IRS calls its free Direct File tax-prep tool a success. Will it be back in 2025?
Morningstar· 1 day agoThe free tax-filing platform that the Internal Revenue Service launched this year handled more returns than its initial goal, saved Americans millions in tax-filing fees and left many users ...
Weekly IRS Roundup April 15 – April 19, 2024
The National Law Review· 6 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 15, 2024 – April 19, 2024....