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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 Issues First Draft of Cryptocurrency Reporting Form | JD Supra
JD Supra· 3 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 < ...
The Savings Game: Filing for a waiver of penalties for missed RMDs
Orlando Sentinel· 1 day agoA timely manner was defined as when a beneficiary inherited an IRA in 2023 or later, the penalty...
Weekly IRS Roundup June 3 – June 7, 2024
The National Law Review· 2 days 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.
How To Amend A Tax Return? | JD Supra
JD Supra· 1 day agoThe IRS released Tax Tip 2024-38, April 25, 2024, to explain to taxpayers how to amend a tax return. If a taxpayer discovers an error after filing their return, the taxpayer ...
IRS Heeds Call to Investigate Misuse of Puerto Rican Residency Tax Benefits | JD Supra
JD Supra· 3 days agoThe IRS continues to face external pressure from Congress to curb abuses of Puerto Rico’s tax benefits – results are to be expected in the form of increased ...
What is an FBAR and What Foreign Financial Information Are You Required to Report? | JD Supra
JD Supra· 1 day agoWhat is an FBAR, and what information is a U.S. taxpayer required to report to the U.S. Government and the IRS? There are many questions about the requirements for U.S. taxpayers ...
IRS update as letters spark anxiety: 'It's annoying'
Newsweek· 3 days agoSeveral taxpayers have reported anxiety after receiving erroneous letters from the Internal Revenue Service claiming they haven't paid their taxes by the...
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...
Boca Raton's Dixie Manor Apartments getting a rebuild, but where can displaced residents go?
Palm Beach Daily News via Yahoo News· 2 hours agoLow Income Housing Tax Credit (LIHTC) housing is a newer form of affordable housing ultimately...
