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HILL TAX BRIEF: IRS Chief Faces Heat From House Appropriators
Bloomberg Law· 17 minutes agoHouse appropriators get their turn Tuesday to question IRS Commissioner Danny Werfel about the agency’s fiscal 2025 budget request, following the release of an updated agency ...
IRS says number of audits about to surge. Here's who it is targeting.
CBS News via Yahoo Finance· 5 days agoThe IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more...
Avoiding IRS Art Donation Audits Requires an Up-Front Checklist
Bloomberg Law· 2 hours agoArt may be in the eye of the beholder, but art valuation for tax purposes is in the eye of the IRS. Improper deductions based on inflated art valuations are now in the agency ...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 4 hours agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
The IRS might owe you money from years ago, but you only have a couple weeks to claim it
WHAS TV11 Louisville· 18 hours agoYou may be owed hundreds of dollars by the IRS. Generally the deadline to claim old refunds falls...
Tax day may have passed but the IRS says tax scams are still rampant
KTVI via Yahoo Finance· 7 hours agoIRS Public Affairs Officer Cesar Yabor warns taxpayers not to let today’s date provide a false sense...
IRS audits to increase exponentially in coming years; Here’s who will be targeted
Staten Island Advance· 16 hours agoCertain groups will want to ensure the accuracy of their tax returns in the coming years, as their...
IRS Clarifies SECURE 2.0 W-2 Changes | PLANADVISER
PLANADVISER· 13 hours agoThe releases clarify how W-2 forms are affected and how major disaster distributions are to be documented. On May 2, the IRS issued a release explaining how SECURE 2.0 provisions ...
Class Warfare: IRS Promises to Increase Audits of ‘Wealthy’ Taxpayers by at Least 50% – Report
IJR· 23 hours agoA new report from the Internal Revenue Service lays out a roadmap for the future and reveals that...
The ‘grandparent loophole’ is putting much-needed money back in the pockets of college students —...
Moneywise via AOL· 23 minutes agoIt’s a tax-advantaged account that’s typically opened by a parent (or grandparent), with the child...
