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IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever, States Can Too
Forbes· 15 hours agoIf you face a tax audit and can legitimately point to the statute of limitations to head off trouble...
How to negotiate a debt settlement
Bankrate via Yahoo Finance· 1 hour agoEither way, you’ll need to come up with the money. Tax obligations: The IRS generally considers canceled debts as taxable income. So, for example, if you...
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 2 days agoThe Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) announced the latest chapter in the long-trumpeted enforcement initiative aimed at large ...
House GOP probes whether special counsel office helped retaliate against Hunter Biden whistleblowers
Fox News via Yahoo News· 3 days agoEXCLUSIVE: House Republicans are investigating whether the U.S. Office of Special Counsel has...
5 Common Errors to Fix in Your IRA Before the IRS Flags Them
Morningstar· 2 days agoIRA custodians are required to issue IRS Form 5498 by May 31 to report certain IRA activity for the previous year. You might receive a Form 5498 for 2023 if you had reportable ...
Tax Breaks: Don't Buy TikTok Tax Misinformation
Forbes· 6 days agoOur latest edition of Tax Breaks. Plus: Qualified charitable distributions, statute of limitations, estate planning, value-added tax, industry updates, and more.
The Savings Game: Filing for a waiver of penalties for missed RMDs
Orlando Sentinel· 6 days agoFortunately, the penalties associated with missed RMDs have been reduced. A timely manner was...
Mandatory Repatriation Tax Stands—But There’s More To Come
Forbes· 15 hours agoIn the recently-issued opinion in Moore v. United States, the court ruled 7-2 that the Tax Cuts and...
Pants on Fire: Claims that Hunter Biden trial was a cover up
Politifact· 6 days agoHunter Biden was convicted June 11 of three federal felony gun charges in a Delaware courtroom,...
U.S Attorney's Office in Colorado investigating dozens of fake COVID-19 claims, worth roughly $75...
Denver7· 7 days agoThe United States Attorney’s Office for the District of Colorado (USACO) is investigating dozens of...
