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IRS: Taxpayers may avoid a penalty by making a second-quarter estimated payment by June 17
CNBC· 3 days agoThe second-quarter estimated tax deadline for 2024 is June 17, and you could owe a penalty if you...
A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It.
The Wall Street Journal· 3 days agoThe rate is set and published quarterly by the IRS; currently it’s 8%. Making a payment to the IRS...
IRS issues deadline warning to millions
Newsweek· 6 days agoThe Internal Revenue Service (IRS) has issued a reminder to taxpayers regarding a tax payment deadline this month. On June 17, second quarter estimated...
IRS issues warning to millions of older Americans
Newsweek· 4 days agoIRS) has issued a warning about a range of scams using "fear and deceit to exploit" elderly Americans. The government agency has "identified a concerning...
IRS warns taxpayers about paying massive penalties
Newsweek· 6 days agoMeanwhile, there will also be a 5 percent penalty per month on unexplained late filing of taxes and the late payment would cost 0.5 percent, which top...
JD Supra: New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs
JD Supra· 14 hours agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...
IRS update as letters spark anxiety: 'It's annoying'
Newsweek· 5 days agoSeveral taxpayers have reported anxiety after receiving erroneous letters from the Internal Revenue Service claiming they haven't paid their taxes by the...
If I Give My Son $75,000 Toward a Down Payment, Do I Have to Worry About the Gift Tax?
MSN News· 3 days agoUnless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger...
IRS warns against scams targeting Mississippi seniors; joins other federal agencies to recognize...
WXXV News 25· 2 days agoAs part of continuing efforts to protect the senior community, the Internal Revenue Service today...
Oops — miss the April income tax deadline? IRS says NJ residents have options
Gannett via AOL· 4 days agoPayment plans available The IRS said that there are short-term payment plans for amounts under $100,000, in which those taxpayers have ...