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No, the IRS is not sending out $8,700 stimulus checks
ABC 10 Sacramento· 1 day agoDuring the COVID-19 pandemic, the Internal Revenue Service (IRS) sent out three rounds of economic...
Weekly IRS Roundup June 3 – June 7, 2024
The National Law Review· 9 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.
Understanding IRS Form 56: A Guide For Taxpayers And Fiduciaries
Forbes· 3 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· 1 day agoTaxpayers with foreign assets often have international information return filing requirements. In...
IRS update as letters spark anxiety: 'It's annoying'
Newsweek· 1 day agoSeveral taxpayers have reported anxiety after receiving erroneous letters from the Internal Revenue Service claiming they haven't paid their taxes by the...
Dear IRS: This May Look Like My Income, But It Belongs To Someone Else
Forbes· 24 hours agoIn that sense, who pays tax on joint bank accounts may not be clear or easy to unravel. If you...
Fact Check: About Those $8,700 Stimulus Checks the IRS Is Supposedly Issuing to Qualifying Americans
Snopes via Yahoo News· 2 days agoThose paid ads claimed the current U.S. president, Congress, theIRS or some other...
IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments | JD Supra
JD Supra· 22 hours agoAccordingly, the PLR concludes that those C-PACE assessments will be permitted assets for a REMIC. The PLR is consistent with prior statements from the IRS regarding the treatment of special assessments as debt.
IRS Issues First Draft of Cryptocurrency Reporting Form | JD Supra
JD Supra· 2 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 < ...
IRS warns of scams targeting seniors
KATC 3 Lafayette· 2 days agoAs part of continuing efforts to protect the senior community, the Internal Revenue Service today issued a warning about the rising threat of...