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Underpayment Penalty: What It Is, How to Avoid It - NerdWallet
Nerdwallet· 2 days agoWhat is an underpayment penalty? An underpayment penalty is a charge the IRS imposes on taxpayers...
IRS Can’t Add ‘Additional Hurdles’ to Partnership Tax Elections
Bloomberg Law· 2 days agoUnder the Tax Equity and Fiscal Responsibility Act of 1982, the IRS would assess and collect tax attributable to a partnership from all the partners who held an interest in ...
Got a Tax Extension? Here's Why You Might Still Want to File Your Return in May
The Motley Fool via AOL· 2 days agoAnother option is to sign up for an IRS installment agreement to pay off your bill over time. This...
Tax Strategies And Schemes To Avoid Taxes At IRS Forefront | JD Supra
JD Supra· 4 days agoOn 4/11/24, the IRS wrapped up its 2024 Dirty Dozen List with a “warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore schemes designed ...
Bethlehem Domino's franchisee sentenced, ordered to pay IRS $2.5 million
WFMZ Eastern Pennsylvania and Western New Jersey· 4 days agoAttorney's Office for the Eastern District of Pennsylvania said Monday. According to a press release, 56-year-old Ammar Jali was sentenced to 12 months and one day in prison, one year of supervised ...
Dave Ramsey Says To Do This If You Owe the IRS With Little Savings
GOBankingRates via Yahoo Finance· 3 days agoBestselling author and radio personality Dave Ramsey is known for helping people get out of debt....
Crypto Broker Reporting Regulations Should Avoid Mismatch Risk
Bloomberg Law· 3 days agoThe IRS’s April 19 release of the draft Form 1099-DA—which will be used to report certain sales and exchanges of digital assets on or after Jan. 1, 2025—may indicate that ...
IRS allows Town of Bramwell to reduce back taxes owed
Bluefield Daily Telegraph, W.Va. via Yahoo Finance· 6 days agoMay 18—By GREG JORDAN Bluefield Daily Telegraph BRAMWELL — A payment plan will help a Mercer County town pay off back taxes which it owes to the federal government and help ...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via AOL· 3 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
JD Supra: Newly Proposed Regulations on Stock Buyback Excise Tax Largely Adopt Approach From Initial...
JD Supra· 6 days agoOn April 12, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) issued proposed regulations (89 FR 25980 and 89 FR 25829) on the excise tax on stock ...