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IRS Extends Free File Program Through 2029, While Direct File Future Remains Uncertain
Forbes· 1 day agoThe IRS will extend the Free File program through October 2029, following an agreement to continue...
$1 Billion in Tax Refunds Disappears Today If You Don't Claim It
CNET· 7 days agoAlmost 1 million people are about to lose their tax refunds from 2021 -- including a stimulus check in the form of the 2020 recovery rebate credit -- simply because they didn't ...
5 Things You Should Know Now About IRS Form 3520-A
Forbes· 3 days agoIRS Form 3520, these persons may have separate requirements to file IRS Form 3520-A. Worse yet, the penalties for failing to
Tax Court Denies Roughly $40 Million IRS Innocent Spouse Relief Claim
Forbes· 4 days 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 ...
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 3 days agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 3 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...
Case: Petitioner Failed to Review Joint Return and Knew Expenses Were Not Deductible, No Eligibility...
Bloomberg Law· 20 hours agoRequesting Petitioner was not eligible for further relief from joint and several liability under I.R.C. §6015(f) after the IRS granted proportionate relief under §6015(c), the U.S. Tax Court held, sustaining ...
You Made a Mistake in Your Taxes. Now What?
The Wall Street Journal· 7 days agoMost taxpayers already have filed their returns for 2023 and probably don’t want to spend another moment thinking about this annual chore. Perhaps...
Energy Tax Credits – Final Regulations on Transferability and Guidance on Domestic Content
The National Law Review· 2 days agoThe Treasury Department and IRS recently issued final regulations on the transfer of certain credits...
What is FIRPTA withholding?
TheStreet.com· 3 days agoThe Foreign Investment in Real Property Tax Act (FIRPTA) requires most foreigners who sell or otherwise dispose of U.S. real property to pay capital gains tax< ...