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Stimulus check update: Americans have one day to claim direct payment
Newsweek· 9 hours ago"After the expiration of the three-year period, the refund statute generally prevents the issuance...
IRS Continues Auditing Employee Retention Credit Claims for Fraud, Offers Protection for At-Risk...
Law.com· 3 days agoOver the past year, the Internal Revenue Service (IRS) has discovered billions of dollars in potentially fraudulent Employee Retention Credit (ERC) claims. Due to the high ...
IRS Warns Taxpayers They May Be Scam Victims If They Filed For Big Refunds; Misleading Advice Leads...
Sierra Sun Times· 1 day agoWASHINGTON — The Internal Revenue Service issued a consumer alert on Tuesday following ongoing concerns about a series of tax scams and inaccurate social media advice that led thousands of taxpayers ...
The IRS might owe you $1,031 if you live in Pennsylvania, but you have to act fast
WKBN 27 Youngstown· 2 days agoThe IRS could owe Pennsylvania residents more than $1,000 but the deadline to file for it is this...
Case: IRS’s Position in Disallowing NFTL Refund Was Substantially Justified, Petitioner Not Entitled...
Bloomberg Law· 10 hours agoPetitioner, who prevailed in prior litigation regarding a refund after requesting innocent spouse relief, was not entitled to reasonable litigation or administrative costs because the qualified ...
Congressional Republicans launch 'fishing expedition' against progressive, Jewish, and Palestinian...
Reason.com· 7 hours agoRemember when Republicans were against using the tax cops to go after political opponents? House...
American families are struggling with debt. When it gets forgiven, the tax code treats it like extra...
Fortune· 10 hours agoAs far as the IRS is concerned, debt that has been wiped off that family’s books is akin to a salary or hourly wages. If, for example, a family owed $50,000 in medical debt ...
IRS Rev. Rul.: Applicable Federal Rates for June 2024 (IRC §1274)
Bloomberg Law· 1 day agoVarious prescribed rates for federal income tax purposes for June 2024, the IRS provided. Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current
INSIDER: IRS warns thousands of taxpayers may face jail time over big refunds
BizPac Review· 1 day agoThe IRS has warned that thousands of taxpayers could face jail time for filing false tax returns and collecting artificially high refunds.
IRS audit could cost Trump more than $100 million in taxes on Chicago tower
CBS News· 5 days agoAn IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses...