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A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It.
The Wall Street Journal· 8 hours agoIRS; currently it’s 8%. Making a payment to the IRS at any point can reduce this interest–so filers...
IRS: Taxpayers may avoid a penalty by making a second-quarter estimated payment by June 17
CNBC· 3 hours agoThe second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you...
IRS warns taxpayers about paying massive penalties
Newsweek· 4 days agoUnder tax laws, the agency pointed out that missed tax payments could mean 8 percent interest on what's owed that compounds daily. Meanwhile ...
IRS issues deadline warning to millions
Newsweek· 3 days agoThe Internal Revenue Service (IRS) has issued a reminder to taxpayers regarding a tax payment deadline this month. On June 17, second ...
Oops — miss the April income tax deadline? IRS says NJ residents have options
Gannett via AOL· 1 day agoThe IRS said that tax returns filed more than 60 days after the due date of April 15 are subject to a $485 fine or 100% of the unpaid ...
IRS announces new tax relief for people in 2 States
Newsweek· 6 days agoThe Internal Revenue Service (IRS) has announced tax relief for individuals and businesses in parts of Kentucky and West Virginia affected...areas now...
IRS update as letters spark anxiety: 'It's annoying'
Newsweek· 2 days agoThe situation has happened often enough that tax professionals are warning clients not to write another check if they already paid the IRS on time....
Reminder: PCORI Fees Due By July 31, 2024 | JD Supra
JD Supra· 13 hours agoFor example, for a plan year that ran from July 1, 2022 through June 30, 2023 the fee is $3.00 per covered life. The fee for calendar year 2023 plans is $3.22 per covered ...
For Many Tax-Exempt Employers - Thanks to IRS Excise Taxes | JD Supra
JD Supra· 5 days agoThe IRS has added additional considerations to this process as a result of Internal Revenue...related regulations finalized in late 2021. Beginning with the 2022 taxable year ...
Supreme Court Rules In Favor Of IRS: Revise Redemption Plans Now
Forbes· 13 hours agoOn June 6, 2024, the U.S. Supreme Court issued a unanimous opinion on a closely held business valuation case that will have significant impact on many family and closely held businesses. The ...