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HILL TAX BRIEF: IRS, DOJ Pressed to Probe Big Tax-Prep Firms
Bloomberg Law· 1 day agoSenate Finance Committee Chair Ron Wyden (D-Ore.) and Sen. Elizabeth Warren (D-Mass.) are pushing the IRS and other federal agencies to probe whether Intuit and other big ...
IRS Extends Free File Partnership Program Another Five Years
Bloomberg Law· 2 days agoThe IRS will continue its partnership with tax preparation companies to provide taxpayers with an additional option to file for free for another five years. This extension ...
What Should I Do With My RMDs If I Don't Need the Money Yet?
MSN News· 1 day agoWhile many retirement accounts offer tax-sheltered ways to save and invest, the IRS mandates...
The 6 Best Hidden Benefits of Roth IRAs
SmartAsset via Yahoo Finance· 25 minutes agoOpening an individual retirement account is an excellent step in retirement planning. However, you'll face a choice when doing so: will you pick a Roth...
IRS Distributes New Ruling Requirements for Corporate Spin-Off Transactions | JD Supra
JD Supra· 3 days agoEarlier this month, the IRS released Revenue Procedure 2024-24, which sets forth new requirements for requests for private letter rulings ("PLRs") on corporate spin-off and ...
IRS agent testifies about ‘peculiar’ names in food distribution sites in Feeding Our Future trial
Minneapolis-St. Paul Star Tribune· 4 days agoThree children all named "John Doe" allegedly received free food. None of those names matched the...
IRS lost $17 million because of Arizona man's false returns
12 News KPNX· 20 hours agoAn Arizona man has recently pleaded guilty to preparing false tax returns after he was accused of...
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,...
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 ...
IRS Identity Theft Case Processing Slows, Taxpayer Advocate Says
Bloomberg Law· 3 days agoThe IRS is taking 22 months to process and send refunds to victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said Tuesday. This is up from 19 ...