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IRS Eliminates 2024 RMDs for IRA Beneficiaries
Time Magazine· 16 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· 3 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 ...
Is it too late to get tax relief?
CBS News· 6 days agoTax season has come and passed but, for many, the burden of owing taxes is still a concern. While most Americans receive tax refunds, there are millions...
Perfect Tax Relief Leverages AI to Help Clients to Get Taxes Back on Track
Digital Journal· 4 days agoPerfect Tax Relief's suite of services include wage garnishments, bank account levies, tax audits, tax preparation ...
Will the IRS’s Free Direct File Option Be Back Again in 2025?
The State· 5 days agoDuring the 2024 tax filing season, the IRS says more than 140,000 Americans filed for free using the tool. During the 2024 tax filing ...
Call claims you owe back taxes. Is it legit?
WGAL 8 Susquehanna Valley· 12 hours agoIt'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...
What’s Next For ERC Refund Claims Pending With The IRS?
Forbes· 5 days agoThe latest IRS data shows that it had 1,057,000 unprocessed Forms 941-X as of December 9, 2023. Most...
Tax Court Strikes out Smoltz and Klesko’s Big K SCE, but Provides Relief for Those Facing Fraud...
The National Law Review· 7 days agoIn the late 1990s, former Atlanta Braves players John Smoltz and Ryan Klesko formed Big K Farms...
Federal Tax Law Group Streamlines Tax Resolution with Implementation of AI and Data Analytics
Digital Journal· 5 days agoThe use of artificial intelligence will support the services offered by Federal Tax Law Group, which include assistance with unfiled tax returns,
... and Knew Expenses Were Not Deductible, No Eligibility for Additional Innocent Spouse Relief...
Bloomberg Law· 5 days agoRequesting Petitioner was not eligible for further relief from joint and several liability under I.R.C. §6015(f) after the IRS granted proportionate < ...