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IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
Politico via Yahoo Finance· 2 hours agoAbout 10 percent to 20 percent show low risk, and the IRS will begin processing those claims. The...
COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 2 hours agoThe IRS’ 2023 improper payment rates for various refundable tax credits were alarmingly high: 14...
JD Supra: IRS Extends Post-Death RMD Relief Under the 10-Year Rule for 2024 Distributions
JD Supra· 7 hours agoThis relief was intended to address potential confusion regarding the IRS’s interpretation (as expressed in the proposed RMD regulations published in 2022) that the SECURE ...
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 4 hours agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era...
IRS advance child tax credits from 2021 not returning in 2024 | Fact check
USA Today· 3 days agoA June 9 Facebook post (direct link, archive link) claims children will receive hundreds of dollars...
Timothy Holdiness: Protect Our Seniors: Crack Down on IRS Impersonation Scams
McComb Enterprise-Journal· 2 hours agoAs part of ongoing efforts to safeguard our senior community, the IRS recently issued a warning about a surge in impersonation scams targeting older adults in Mississippi ...
IRS penalties on American taxpayers surged nearly 300% last year
FOX Business· 16 hours agoThe IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 21 hours agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...