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Home Care Firm Sues For $1.1 Million Employee Retention Credits
Bloomberg Law· 21 hours agoThe IRS has improperly failed to grant a Pennsylvania home care company over $1.1 million in employee retention tax credits, according to a new federal lawsuit. Pittsburgh-based ...
I Owed the IRS More Than $10,000 This Tax Season. Here's How I Handled It
The Motley Fool· 5 days agoMany people who file a tax return wind up getting a refund from the IRS within a few weeks of submitting it. As someone who's self-employed, I'm used to not getting money ...
A 50-year-old man used an obscure IRS rule to withdraw $20K a year from his retirement savings —...
Moneywise via Yahoo Finance· 4 days agoWhen Eric Cooper, a 50-year-old early retiree, needed to tap his retirement savings before the age...
IRS Reminds Foreign Nationals Abroad of June 17 Tax Deadline
Bloomberg Law· 22 hours agoTaxpayers living and working outside the US must file their 2023 federal income tax return by June 17, the agency said Tuesday.
IRS Extends Free File Partnership Program Another Five Years
Bloomberg Law· 7 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 ...
Charitable Checking Accounts make donating to local organizations simple
Dayton Daily News· 19 hours agoCharitable Checking Accounts make donating to local organizations — or any IRS-approved charity...
SDC’s abrupt closure; nonprofit to process hundreds of tax returns
WITI via Yahoo Finance· 10 hours agoIt’s been one month since the Social Development Commission abruptly shut down operations and laid...
IRS Targets Charitable Remainder Annuity Trusts (CRATs) as Listed Transactions | JD Supra
JD Supra· 5 days agoOn March 25, 2024, the IRS issued proposed regulations (REG-108761-22) which, if finalized, would identify certain CRATs as listed transactions. For those unaware of the listed ...
IRS PLR: Extension of Time to Make Disregarded Entity Election Granted (IRC §7701)
Bloomberg Law· 5 days 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 ...
I'm Getting Mixed Advice: Will I Owe Taxes When I Roll Over My Roth 401(k) to a Roth IRA?
SmartAsset via Yahoo Finance· 2 hours agoI have an after-tax 401(k) that I would like to roll over to a Roth IRA with Schwab. Experts at...