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IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press via Yahoo Finance· 4 days agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention...
Tax Return Preparer’s Mistakes Or Fraud: Innocent Taxpayer Takes Hit
Forbes· 3 hours agoThe SOL simply does not start if a tax return is false or fraudulent or if there is a “willful”...
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 3 days agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 3 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claims
CNBC· 3 days agoDanny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 5 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
U.S. IRS asked to delay crypto tax reporting rules
TheStreet.com· 3 days agoMetaMask developer says the IRS is imposing a "costly compliance burden." The U.S. Internal Revenue Service (IRS) has been asked by a blockchain firm to ...
IRS hit a ‘big milestone’ to wean itself off paper. What comes next?
Federal News Network· 6 days agoThe IRS is taking major strides to wean itself off paper. The agency’s Document Upload Tool is...
IRS updates rules on early retirement withdrawals for emergency, domestic violence
ABC 3340 Birmingham· 3 days agoTheInternal Revenue Service (IRS) has some new guidance for people who may want to prematurely pull...
IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever, States Can Too
Forbes· 4 days agoIf you face a tax audit and can legitimately point to the statute of limitations to head off trouble...