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Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships
CNBC· 4 hours agoThe U.S. Department of the Treasury and the IRS on Monday unveiled a plan to "close a major tax...
IRS: Taxpayers may avoid a penalty by making a second-quarter estimated payment by June 17
CNBC· 3 days agoThe second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you...
IRS issues deadline warning to millions
Newsweek· 6 days agoThe Internal Revenue Service (IRS) has issued a reminder to taxpayers regarding a tax payment deadline this month. On June 17, second quarter estimated...
IRS issues warning to millions of older Americans
Newsweek· 4 days agoIRS) has issued a warning about a range of scams using "fear and deceit to exploit" elderly Americans. The government agency has "identified a concerning...
IRS update as letters spark anxiety: 'It's annoying'
Newsweek· 5 days agoSeveral taxpayers have reported anxiety after receiving erroneous letters from the Internal Revenue Service claiming they haven't paid their taxes by the...
IRS warns taxpayers about paying massive penalties
Newsweek· 7 days agoMeanwhile, there will also be a 5 percent penalty per month on unexplained late filing of taxes and the late payment would cost 0.5 percent, which top...
A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It.
The Wall Street Journal· 3 days agoThe rate is set and published quarterly by the IRS; currently it’s 8%. Making a payment to the IRS...
Oops — miss the April income tax deadline? IRS says NJ residents have options
Gannett via AOL· 4 days agoPayment plans available The IRS said that there are short-term payment plans for amounts under $100,000, in which those taxpayers have ...
IRS update impacts tax returns for people in two states
Newsweek· 7 days agoThe Internal Revenue Service (IRS) has offered an extension for taxpayers in West Virginia and...
JD Supra: New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs
JD Supra· 23 hours agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...