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IRS Doesn’t Have to Pay Widow’s Litigation Costs From Tax Trial
Bloomberg Law· 6 days agoA widow who received innocent spouse relief and an almost $120,000 refund from the IRS isn’t owed a further award for her litigation costs, the US Tax Court ...
IRS Says "Well-Meaning" Taxpayers Fraudulently Filed 3 Claims: "They've Been Tricked"
Best Life· 6 days agoNo one wants to end the tax season by cutting a big check to the Internal Revenue Service (IRS)....
What Is a Tax Credit?
Tri-City Herald· 19 hours agoHere’s what you need to know about popular tax credits and how to claim them. Luckily, applying tax credits can lower your federal income tax bill — and, in some cases, even ...
The IRS might owe you $1,031 if you live in Pennsylvania, but you have to act fast
WKBN 27 Youngstown· 7 days agoThe IRS could owe Pennsylvania residents more than $1,000 but the deadline to file for it is this...
What Is the Earned Income Tax Credit, and How Does It Work?
Modesto Bee· 6 days agoWhen you file taxes every year, it’s crucial to check which tax credits you may qualify for because they can decrease your bill or boost your refund. One ...
Forbes Daily: Meme Stock Rally Fizzles On GameStop Selloff
Forbes· 1 day agoInaccurate advice on social media led thousands of taxpayers to file inflated refund claims during...
Weekly IRS Roundup May 6 – May 10, 2024
The National Law Review· 5 days agoRevenue Ruling 2024-09, which provides the May 2024 applicable federal rates. Notice 2024-35, which provides guidance related to certain specified...
IRS owes millions to NY, NJ, CT taxpayers – Claim by today
WNYW via Yahoo Finance· 4 days agoJUMP TO: NEW YORK l NEW JERSEY l CONNECTICUT According to the IRS, roughly 940,000 people across the U.S. who didn’t file their 2020 tax year returns may ...
Day Trader Sues US for $520,000 Refund Over Denied Tax Election
Bloomberg Law· 4 days agoA Houston day trader is owed a refund of more than $520,000 in overpaid income taxes because the IRS improperly rejected his claim for relief from a filing ...
Nearly 25K New Jerseyans are running out of time to file for unclaimed tax refunds
The Record· 6 days agoService said. All told, 938,800 Americans could be leaving over $1 billion of unclaimed tax refunds...