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A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It.
The Wall Street Journal· 2 days agoThe way to tackle this dilemma is to file IRS Form 2210 and Schedule AI, which tells the IRS in what...
Understanding IRS Form 56: A Guide For Taxpayers And Fiduciaries
Forbes· 5 days agoIRS Form 56 is a pivotal document in tax and financial regulations. Officially titled, “Notice...
IRS Seeks In-Person Interviews For Failure To File A 2011 Form 5471
Forbes· 3 days agoTaxpayers with foreign assets often have international information return filing requirements. In...
IRS warns against scams targeting Mississippi seniors; joins other federal agencies to recognize...
WXXV News 25· 15 hours agoAs part of continuing efforts to protect the senior community, the Internal Revenue Service today...
IRS: Taxpayers may avoid a penalty by making a second-quarter estimated payment by June 17
CNBC· 2 days agoThe second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you...
No, the IRS is not sending out $8,700 stimulus checks
ABC 10 Sacramento· 3 days agoDuring the COVID-19 pandemic, the Internal Revenue Service (IRS) sent out three rounds of economic...
IRS impersonation scams target seniors
KTVF Fairbanks· 1 day agoFalse information and scams are constantly on the rise, and unfortunately many of them target senior members of our community. The Internal Revenue...
'Your Money': IRS electronic filing continues to expand
New Hampshire Union Leader· 1 day agoThe IRS has processed 144 million tax returns as of May 10, 2024, (tinyurl.com/5t59f7xm). Most...
New IRS Tax Form for Digital Asset Broker Reporting | JD Supra
JD Supra· 5 days agoThe IRS released a draft of a new tax form, Form 1099-DA, that brokers will use to report proceeds from certain digital asset transactions ...
IRS Issues First Draft of Cryptocurrency Reporting Form | JD Supra
JD Supra· 4 days agoThe IRS appears to be on the verge of changing the way digital asset (i.e., cryptocurrency) transactions are reported for federal tax purposes. On April 19, 2024, the < ...