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How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 2 days agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
Arizona man pleads guilty for defrauding IRS of $17 million through 'tax shelters'
AZCentral | The Arizona Republic via Yahoo Finance· 24 hours agoEllsworth Stauffer, the operator of a formerly licensed professional corporation, concealed nearly $60 million from the IRS, causing an estimated loss of $17 million in taxes ...
IRS Authority to Assess Certain Foreign Information Return Penalties Restored by D.C. Circuit | JD...
JD Supra· 6 days agoThe U.S. Court of Appeals for the District of Columbia Circuit (D.C. Circuit) on May 3, 2024, reversed the U.S. Tax Court (USTC) in Alon Farhy v. Commissioner, No. 23-1179 (D.C. Cir. May 3, ...
Got a Tax Extension? Here's Why You Might Still Want to File Your Return in May
The Motley Fool· 1 day agoThe good thing about a tax extension is that it gives you six extra months to get your return over to the IRS without incurring a failure-to-file penalty. As a point of clarity ...
IRS Identity Theft Case Processing Slows, Taxpayer Advocate Says
Bloomberg Law· 2 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 ...
Opinion | The IRS Money Hole Gets Deeper
The Wall Street Journal· 2 days agoThe Internal Revenue Service can’t write its own checks, which means it has to ask Congress for funding like any other agency. Commissioner Danny Werfel...
IRS agent testifies about ‘peculiar’ names in food distribution sites in Feeding Our Future trial
Minneapolis-St. Paul Star Tribune· 3 days agoThree children all named "John Doe" allegedly received free food. None of those names matched the...
Former IRS officer and his brother sentenced for scamming over $3M in loan relief funds
KRON via Yahoo Finance· 6 days ago(KRON) — A former IRS officer, Frank Mosley, 58, of Oakland, and his brother Reginald Mosley, 60, of...
Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 2 days agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
IRS offers major relief to tornado victims
Newsweek· 6 days agoMultiple tornadoes have torn through the state this year. The Internal Revenue Service (IRS) announced the tax relief areas on Thursday, adding that...
