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IRS says taxpayers who filed suspicious returns with key tax credits must verify their IDs
Detroit Free Press via Yahoo Finance· 4 days agoOnce the taxpayer’s identity has been verified, they may need to amend their tax return to remove...
Volunteer tax preparers help Calhoun County residents garner $3.7M in refunds
The Battle Creek Enquirer via Yahoo Finance· 3 hours agoVolunteers do not need any specific credentials to begin training. In addition to preparers,...
To Combat Biofuel Tax Credit Fraud, We Need a Proactive Approach
Bloomberg Law· 4 hours agoThe audit showed that many credits are awarded to taxpayers without proper documentation, making the credit system highly susceptible to fraud. Biofuel tax credits intend ...
I Want to Give Money to My Daughter and Her Husband. How Much Can I Give Without Triggering Taxes?
MSN News· 3 days agoPerhaps your daughter recently got married and you want to help her and her husband start their new...
IRS Eliminates 2024 RMDs for IRA Beneficiaries
Time Magazine· 17 hours agoIRA beneficiaries take note: On April 16, 2024, the Internal Revenue Service (IRS) released new tax guidance under Notice 2024-35 exempting individual...
IRS Foreign Trust Reporting Plan Offers Rare Chance to Influence
Bloomberg Law· 4 hours agoTaxpayers and their advisers have a rare chance to influence how the IRS should regulate foreign trusts and large foreign gifts, and they shouldn’t let that chance go to waste ...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via AOL· 7 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
Here's What Happens When Your Tax Refund Is Delayed
The Motley Fool via AOL· 5 days agoAnd there's an easy way to go about that. Just use the IRS's "Where's My Refund" tool. To get an update, you'll need: Your Social Security number Your &...
Will I Owe Taxes if I Sell My Home?
MediaFeed via AOL· 4 days agoI haven’t mentioned all the situations when you’re eligible or ineligible...the exclusion, so speak with a certified public accountant (CPA) if you need...
Which Do I Need: A Tax Advisor or Financial Advisor?
SmartAsset via Yahoo Finance· 2 days agoTaxes can be confusing and you might have questions about how tofile or the best ways to minimize what you owe to the IRS. But who do you turn to for...
