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D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 1 day agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
5 Things You Should Know Now About IRS Form 5472
Forbes· 3 hours agoCertain corporations (both U.S. and foreign) and certain foreign-owned U.S. disregarded entities must file IRS Form 5472, Information Return of a 25%...
Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
CNET· 23 hours agoThe IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for...
140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear...
Texarkana Gazette· 3 hours agoThe IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file...
IRS: Direct File Pilot Program Exceeds Usage Expectations
PC Magazine· 11 hours agoThe US Department of the Treasury and Internal Revenue Service announced numbers from the IRS’s...
The Rules for RMDs Are Complicated. They Have Changed Yet Again.
Barrons.com· 1 hour agoIf you have inherited retirement assets, have a Roth 401(k) or want to give retirement money to...
The New IRS Crypto Form Brings Hidden Challenges For Taxpayers
Forbes· 3 days agoThe form was issued in conjunction with proposed broker regulations. Although 1099-DA forms are...
The IRS’ challenge to TurboTax and H&R Block is working
Quartz· 1 day agoIn spite of years of lobbying from Intuit, the maker of Turbo Tax, and H&R Block, the U.S. Internal...
IRS calls its free Direct File tax-prep tool a success. Will it be back in 2025?
Market Watch· 2 days ago“We have not made a decision about the future of Direct File,” IRS Commissioner Danny Werfel said,...
IRS Says Its Free Tax-Prep Software Saved Americans $5.6 Million in Fees
Barrons.com· 1 day agoBEST PRACTICES The IRS says it is encouraged by the early results of its new free tax-preparation...