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1. • 

     Four Sacramento-area men sentenced in COVID-19 fraud scheme that involved ex-IRS worker

     Merced Sun-Star via Yahoo Finance· 14 hours ago

     Frank Mosely, in addition to his stint with the IRS, worked as a tax enforcement officer in Oakland....

2. • Perfect Tax Relief Leverages AI to Help Clients to Get Taxes Back on Track

     Digital Journal· 7 days ago

     Perfect Tax Relief's suite of services include wage garnishments, bank account levies, tax audits, tax preparation ...

3. • 

     The Savings Game: When to file an amended federal tax return

     Orlando Sentinel· 20 hours ago

     With April in the rear-view mirror, most Americans — especially those whose employers withhold...

4. • Mixed Opinions on Penalty Relief for Corporate AMT Taxpayers | JD Supra

     JD Supra· 2 days ago

     On April 15, the IRS released Notice 2024-33 (the “Notice”), offering limited relief from tax penalties for underpaying estimated income ...

5. • COVID relief fraudster sentenced to 34 months in prison

     Tribune via AOL· 11 hours ago

     May 30—David Dodge, 42, formerly of Derry, was sentenced Wednesday in federal court to 34 months in prison and three years of supervised release for submitting roughly three dozen fraudulent ...

6. • 

     IRS Eliminates 2024 RMDs for IRA Beneficiaries

     Time Magazine· 4 days ago

     IRA beneficiaries take note: On April 16, 2024, the Internal Revenue Service (IRS) released new tax guidance under Notice 2024-35 exempting individual...

7. • IRS Foreign Trust Reporting Plan Offers Rare Chance to Influence

     Bloomberg Law· 3 days ago

     Taxpayers 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 ...

8. • 

     US and allies arrest alleged cybercrime ringleader, seize millions in sports cars in major Covid-19...

     CNN via Yahoo News· 1 day ago

     A 35-year-old Chinese man has been arrested in Singapore, and millions of dollars in cars, watches...

9. • 

     Call claims you owe back taxes. Is it legit?

     WGAL 8 Susquehanna Valley· 3 days ago

     It's been more than a month since the tax filing deadline, and scammers know that you may be waiting for news about your tax return. Several News 8...

10. • JD Supra: Cancellation of Debt Income: The Qualified Real Property Business Indebtedness Exception

      JD Supra· 11 hours ago

      This is the second in our series of alerts on taxable cancellation of debt income. When debt is cancelled or discharged, the debt generally becomes taxable income, called cancellation of debt ...