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IRS ERC tax-credit backlog soars to 1.4M claims. Payments could take years. - The Business Journals
The Business Journals· 8 hours agoThe IRS’s backlog of Employee Retention Credit claims has soared to 1.4 million as it sifts through what it believes to be hundreds of thousands of improper applications.
You may owe the IRS on Monday — skipping it could cost you hundreds
CBS News via Yahoo Finance· 4 days agoOthers may also be on the hook, though, including investors who sell assets like stocks or bonds...
Taxpayer Rights In The Digital Age
Forbes· 22 hours agoNina Olson of the Center for Taxpayer Rights and the Tax Analysts board of directors discusses the challenges in preserving taxpayer rights in light of...
If I Give My Son $75,000 Toward a Down Payment, Do I Have to Worry About the Gift Tax?
MSN News· 5 days agoUnless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger...
Sixth Circuit Discredits IRS Mileage Rate as Sufficient Payment to Employee Drivers Under the FLSA |...
JD Supra· 5 days agoThe Sixth Circuit recently considered a consolidated appeal regarding how delivery drivers should be reimbursed for the cost of providing their vehicles for work. The appeal was taken from both ...
I'm Retired. When Can I Stop Filing Taxes?
SmartAsset via Yahoo Finance· 5 days agoWhen you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some...
The fight over credit card swipe fees hits the road
Politico· 15 hours agoPartnership roulette — Brian Faler reports that the IRS is planning to crack down on complex partnership transactions that are designed to inflate deductions and minimize ...
A 50-year-old man used an obscure IRS rule to withdraw $20K a year from his retirement savings —...
MSN News· 4 days agoComplex calculations are involved, but the loophole is real.
I'm Buying a Home. Are Closing Costs Tax-Deductible?
SmartAsset via Yahoo Finance· 6 days agoWhen you're filing your taxes, there's a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may...
Job Seekers Should Pay Close Attention To Benefits With Tax Perks
Forbes· 22 hours agoQualified educational assistance programs—a provision found in section 127 of the tax code. Today, section 127 allows employers to pay employees up to $5,250 tax-free for educational assistance ...