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Trump wants IRS to stop taxing workers’ tips, as Americans say tipping is ‘out of control’
Market Watch· 4 days agoCould the tax rules for tip income really vanish at a time when so much of the tax code’s current...
40 States That Don't Tax Social Security Benefits
Motley Fool via Yahoo Finance· 5 days agoFor example, if your AGI is $60,000, you receive $24,000 in yearly Social Security benefits, and you have $1,000 in nontaxable interest, your combined...
Biden to propose new partnership rules as tax battle heats up
The Hill via AOL· 17 hours agoPresident Biden is putting forward new rules to go after wealthytax cheats as the battle on how to ...
How To Amend A Tax Return? | JD Supra
JD Supra· 23 hours 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 ...
IRS warns taxpayers about paying massive penalties
Newsweek· 4 days agoThe Internal Revenue Service (IRS) has issued a stark reminder to taxpayers who missed their April deadline that they could face severe penalties if they...
Weekly IRS Roundup June 3 – June 7, 2024
The National Law Review· 1 day 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.
What it will take to make Direct File permanent
Government Executive· 17 hours agoThe IRS pilot of a government-backed online tool to file taxes for free, dubbed Direct File, is going permanent, the tax agency announced a few weeks ago...
U.S. Tax - How Long Does The IRS Have To Catch Me?
Forbes· 4 days agotax mistake, or worse. With the flurry of tax return activity, now is a good time to look at the various statutes of limitations (SOL) applicable to U.S...
EV tax credit: What to know before you buy
Bankrate via Yahoo Finance· 6 hours agoIt is also important to remember that purchasing the vehicle alone does not ensure that you get the tax credit. You must file Form 8936 with the IRS....
IRS update impacts tax returns for people in two states
Newsweek· 5 days agoThe IRS pointed out that Kentucky residents in areas that include Boyd, Carter, Fayette,...
