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D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 5 days agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
Case: Bankruptcy Court Did Not Err in Entering Judgment in Favor of IRS (C.D. Cal.)
Bloomberg Law· 18 hours agoA bankruptcy court did not err in entering a judgment in favor of the IRS where the IRS provided sufficient evidence to support a finding of tax liability ...
IRS calls its free Direct File tax-prep tool a success. Will it be back in 2025?
Morningstar· 6 days agoThe free tax-filing platform the Internal Revenue Service offered this year handled more returns than its initial goal, saved Americans millions in tax-filing fees and left many users feeling ...
Forget To File Your Taxes? You Might Hear From The IRS
Forbes· 2 days agoThe IRS is mailing compliance letters, known as CP59 notices, “on more than 125,000 cases where tax returns haven’t been filed since 2017.” According to the IRS< ...
IRS Kicks Off 2024 Allocation Round of Qualifying Advanced Energy Project Credit Program | JD Supra
JD Supra· 1 day agoThe application portal for the second round of applications for the Section 48C Qualifying Advanced Energy Project Credit Program will open no later than May 28, 2024. Concept papers must be ...
Over $1 billion in unclaimed tax refunds is set to expire in just over 2 weeks, IRS says—here’s how...
CNBC· 2 days agoAround 940,000 people across the U.S. have until May 17 to submit their 2020 tax returns and claim...
IRS free tax filing pilot processed more than 140,000 returns, saved consumers $5.6 million in prep...
NBC Dallas Fort Worth· 6 days agoThis season, the IRS Direct File pilot helped more than 140,000 million taxpayers file taxes for...
Can the IRS Seize Your Tax Refund? 4 Reasons They Can (and How To Avoid It)
AOL· 3 days agoAccording to data from the IRS, the average tax refund in 2024 has been $3,011, an increase of 4.6% from one year ago. If you’re still waiting for your tax refund, the < ...
IRS Publishes Proposed Regulations on Stock Buyback Excise Tax | JD Supra
JD Supra· 1 day agoOn April 12, 2024, the US Department of the Treasury and the IRS published proposed regulations (89 FR 25980 and 89 FR 25829, the “Proposed Regulations”) on the application ...
140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear
The News-Times· 6 days agoThe IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file...