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Major IRS 'Payment Due' glitch discovered
Consumer Affairs· 3 days agoIf you received a notice of a “balance due” from the Internal Revenue Service (IRS) and you’re sure you paid everything you owe, you can probably breathe...
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 impacts tax returns for people in two states
Newsweek· 5 days agoThe Internal Revenue Service (IRS) has offered an extension for taxpayers in West Virginia and...
Crime Pays: Actor Jonathan Majors to Get 'Perseverance' Award After Conviction for Assault -...
Showbiz411· 15 hours agoSo crime does pay after all. Actor Jonathan Majors was convicted of assault last December in New...
IRS Win Stands in Foreign Reporting Penalty Case at D.C. Circuit
Bloomberg Law· 1 day agoThe D.C. Circuit won’t review its decision on the claim of a man who challenged the IRS’s authority to assess penalties for failing to disclose interest in foreign businesses ...
IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments | JD Supra
JD Supra· 2 days 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.
Tualatin man convicted in fraud scheme that cost IRS millions of dollars
KOIN via Yahoo Finance· 1 day agoPORTLAND, Ore. (KOIN) — A Tualatin man who previously ran a chain of check-cashing businesses was...
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...
Former IRS employee indicted for $200K in fraudulent tax returns in Kansas City
KCTV 5 Kansas City· 3 days agoA former IRS employee from Grandview, Mo., has been federally indicted for more than $200,000 in...
Treasury and IRS Release Updated Guidance on Energy Communities | JD Supra
JD Supra· 4 days agoOn June 7, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2024-48. This notice includes lists of information that taxpayers may use ...