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IRS Eliminates 2024 RMDs for IRA Beneficiaries
Time Magazine· 7 hours agoIRA beneficiaries take note: On April 16, 2024, the Internal Revenue Service (IRS) released new tax guidance under Notice 2024-35 exempting individual...
IRS offers major relief to tornado victims
Newsweek· 2 weeks agoMultiple tornadoes have torn through the state this year. The Internal Revenue Service (IRS) announced the tax relief areas on Thursday ...
IRS announces tax relief for Ohio tornado victims
WDTN-TV 2 Dayton· 2 weeks agoDAYTON, Ohio (WDTN) — The Internal Revenue Service has announced a new tax deadline for taxpayers affected by recent tornado outbreaks in Ohio. For...
IRS Changes Rules for Taxpayers in One State
Newsweek· 2 weeks ago"This means that individuals and households that reside or have a business in Auglaize, Crawford, Darke, Delaware, Hancock, Licking, Logan, Mercer,...
Is it too late to get tax relief?
CBS News· 5 days agoTax season has come and passed but, for many, the burden of owing taxes is still a concern. While most Americans receive tax refunds, there are millions...
IRS Issues Warnings On Tax Scams Driven By Bad Advice Often Found On Social Media
Forbes· 2 weeks agoThe IRS is warning taxpayers about a series of tax scams and inaccurate social media advice that led...
IRS Doesn’t Have to Pay Widow’s Litigation Costs From Tax Trial
Bloomberg Law· 2 weeks agoA widow who received innocent spouse relief and an almost $120,000 refund from the IRS isn’t owed a further award for her litigation costs, the US
Tax Court Denies Roughly $40 Million IRS Innocent Spouse Relief Claim
Forbes· 1 week agoWhen spouses file a joint return, they become jointly and severally liable for the taxes owed for that tax year. Joint and several liability can be harsh and unfair. For example ...
Terrible tax tips promoted on social media trigger big refund headaches for 2023 returns
Detroit Free Press via Yahoo Finance· 2 weeks agoThe IRS said returns filed by individuals and tax preparers who knowingly claim a credit to which...
IRS Extends Relief from RMD Rules in 2024 | JD Supra
JD Supra· 2 weeks agoThe latest relief extends the transitional relief that the IRS previously issued in Notice 2022-53 (“2022 Notice”) and Notice 2023-54 ...
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