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IRS Can Audit 3 Or 6 Years Back, Or Sometimes Forever, States Can Too
Forbes· 11 hours agoIf you face a tax audit and can legitimately point to the statute of limitations to head off trouble...
Democrat asks IRS to investigate nonprofit with ties to Kari Lake campaign, legal team
Arizona Mirror via Yahoo News· 2 hours agoPinal County Democrats Chair Lisa Sanor is asking the Internal Revenue Service to investigate a...
IRS warns against scams targeting; joins other federal agencies to recognize special awareness day
The Post and Courier· 5 hours agoIn continuing efforts to protect the senior community, the Internal Revenue Service today issued a warning about the rising threat of impersonation scams.
IRS Issues Basis Shifting Guidance for Partnerships, Proposes Reporting Requirements | JD Supra
JD Supra· 1 day agoThe Internal Revenue Service (IRS) and U.S. Department of Treasury recently issued guidance to curtail what they consider abusive basis shifting by related-party partners ...
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 1 day 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 ...
IRS imposter scam targets businesses, warns state attorney general's office
FOX 2 News Detroit· 2 days agoScammers are instructing businesses to complete a fake Form 9710 and return it to a third party...
IRS: Taxpayers may avoid a penalty by making a second-quarter estimated payment by June 17
CNBC· 6 days agoThe second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you...
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< ...
Customers of Bay City tax service now being hit with IRS late fees and interest
ABC12 Mid-Michigan· 19 hours agoThe controversy surrounding a Bay City tax service continues, and now it appears the IRS will not be...
IRS/Tax Whistleblower Guide | JD Supra
JD Supra· 2 days agoAnyone who has obtained evidence that a person or company is committing tax fraud or evasion can become a whistleblower by reporting it to the Internal Revenue Service (IRS