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The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
Market Watch· 6 days agoFor taxpayers worth at least $500,000, “certainly the audits are not dropping and would suggest a...
JD Supra: IRS Issues New Guidance for Cannabis Companies That Receive Over $10K Cash
JD Supra· 11 hours agoThe IRS’s Office of Chief Counsel recently published a memorandum providing information for cannabis companies struggling to comply with the completion of Form 8300, which ...
How likely are you to get audited by the IRS?
The Week· 7 days agoAn Internal Revenue Service (IRS) audit is a "review of your information and accounts to ensure you're ... following the tax laws, and that your reported...
IRS issues reminder on transfer of tax credits
Newsweek· 3 days agoThe new rules, announced by the Internal Revenue Service (IRS) and Treasury Department on April 25, mean that renewable energy developers and owners can...
Week in Insights: IRS Direct File’s Security Should Be a Priority
Bloomberg Law· 14 hours agoThe IRS Direct File pilot program launched this year into a world fraught with threats. While the IRS is no newcomer to information security, taxpayers ...
IRS Waives 2024 RMDs For Inherited IRA Beneficiaries
Forbes· 23 hours agoThe IRS has just waived some Inherited IRA RMDs again for 2024. This is the fourth year in a row that the IRS has kicked the can down the road for people...
Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
CNET· 2 days agoThe IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for...
IRS: Direct File Pilot Program Exceeds Usage Expectations
PC Magazine· 1 day agoThe US Department of the Treasury and Internal Revenue Service announced numbers from the IRS’s...
Child Tax Credit 2024: When Will the IRS Send Your Refund?
CNET· 2 days agoTax season might be over, but if you're reading this, you probably haven't received your child tax...
140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear...
Texarkana Gazette· 24 hours agoThe IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file...