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INSIDER: IRS warns thousands of taxpayers may face jail time over big refunds
BizPac Review· 21 hours agoThe IRS has warned that thousands of taxpayers could face jail time for filing false tax returns and collecting artificially high refunds.
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...
It’s your last chance to get a tax refund. Don’t miss it, IRS says
NJ.com· 1 day agoPeople who don’t normally file a tax return could be leaving their part of nearly $1 billion in tax...
IRS Doesn’t Have to Pay Widow’s Litigation Costs From Tax Trial
Bloomberg Law· 15 hours agoA widow who received innocent spouse relief and an almost $120,000 refund from the IRS isn’t owed a further award for her litigation costs, the US Tax Court said Wednesday ...
Ottawa Co. saves over a quarter of a million dollars after dispute is resolved between county, IRS
WZZM 13 Grand Rapids· 19 hours agoCongressman Bill Huizenga said last year he learned the IRS was misapplying multiple quarters of...
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 Audit of Trump Could Cost Former President More Than $100 Million
ProPublica· 5 days agoProPublica is a nonprofit newsroom that investigates abuses of power. Former President Donald Trump...
IRS audit could cost Trump more than $100 million in taxes on Chicago tower
CBS News· 4 days agoAn IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses...
IRS Data Leak Hits Home: Actions for Taxpayers in the Wake of the Littlejohn IRS Data Breach
The National Law Review· 3 days agoThis past January, a former IRS contractor, Charles Littlejohn, was sentenced to five years in...
IRS Rev. Rul.: Applicable Federal Rates for June 2024 (IRC §1274)
Bloomberg Law· 18 hours 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