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IRS says taxpayers who filed suspicious returns with key tax credits must verify their IDs
Detroit Free Press via Yahoo Finance· 9 hours agoOne parent told me he needed to verify the identity of a child claimed on his return. One woman told...
IRS office flooded with hundreds of people looking for tax refund
Newsweek· 2 days agoAn IRS office in Detroit was flooded with hundreds of taxpayers chasing their tax refunds, and many...
I Owed the IRS More Than $10,000 This Tax Season. Here's How I Handled It
The Motley Fool via AOL· 5 hours agoImage source: The Motley Fool/Upsplash Many people who file a tax return wind up getting a refund...
JD Supra: Missing the Tax Court’s 90-Day Deficiency Deadline – Now What?
JD Supra· 2 hours agoOver the years, I have observed there is only one thing that a taxpayer fears more than being notified by the IRS that their income tax return& ...
Weekly IRS Roundup May 13 – May 17, 2024
The National Law Review· 4 hours agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 13, 2024 – May 17, 2024.
Will I Owe Taxes if I Sell My Home?
MediaFeed via AOL· 7 hours agotax exclusion. You can check TaxFoundation.org for current capital gains tax rates. You can also refer to IRS Publication 523, Selling ...
Three tax refunds that are raising alarms with IRS
Newsweek· 1 week agoThe IRS is warning taxpayers they may need to amend their returns if they filed for three specific tax credits. Many Americans may have ...
Here's What Happens When Your Tax Refund Is Delayed
The Motley Fool via AOL· 1 day agoBut if your tax return is error-free, then the IRS is obligated to issue your refund in a reasonable amount of time, defined as 45 days ...
IRS’s AI system to flag returns for audit may include unintended bias, report finds
FedScoop· 1 day agoThe IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes...
IRS extends Free File tax program
The Hill via AOL· 2 days agoThe IRS tax filing program that allows citizens to use certain corporate tax filing software for free is being extended through 2029, ...