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What’s Next For ERC Refund Claims Pending With The IRS?
Forbes· 2 days agoThe latest IRS data shows that it had 1,057,000 unprocessed Forms 941-X as of December 9, 2023. Most...
IRS Extends Free File Program Through 2029, While Direct File Future Remains Uncertain
Forbes· 2 days agoThe IRS will extend the Free File program through October 2029, following an agreement to continue...
Kokua Line: Why is IRS freezing so many tax refunds?
Honolulu Star-Advertiser· 5 days agoQuestion: Regarding the IRS questioning someone’s identity (808ne.ws/3QPaLph), is this more likely if the person claimed certain credits? Answer: Yes,...
IRS announces extension of Free File program through 2029 - ABC Columbia
ABC Columbia· 1 day agoThe Internal Revenue Service has extended its Free File Tax Program through 2029.
IRS PLR: Extension of Time to Make Disregarded Entity Election Granted (IRC §7701)
Bloomberg Law· 9 hours agoThe IRS has published a private letter ruling on Section 7701 regarding disregarded entity election, granting the taxpayer a 120-day extension of time to file an election under Section 301.7701-3 ...
IRS update offers boost to millions of taxpayers
Newsweek· 2 days agoThe Internal Revenue Service (IRS) announced on Wednesday that its program allowing taxpayers to file their taxes online for free, Free File, will be...
Hundreds wait in long lines at IRS offices in Detroit to verify IDs and get tax refunds
Detroit Free Press via Yahoo Finance· 5 days agoWhat's often billed as a friendly, no-appointment-needed, walk-in Saturday at the IRS turned into a...
IRS’s AI system to flag returns for audit may include unintended bias, report finds
FedScoop· 1 day agoThe IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes...
Here's What Happens When Your Tax Refund Is Delayed
The Motley Fool via AOL· 2 days agoImage source: The Motley Fool/Upsplash If you file your taxes and realize you owe the IRS money from the previous year, you're required to send in your...
Reaction to Donor-Advised Fund Proposed Regulations Prompts IRS Hearing | JD Supra
JD Supra· 19 hours agoIn November 2023, the IRS issued proposed regulations relating to donor-advised funds ("DAFs") (discussed here). The regulations define certain terms such as DAFs, Donors, ...