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Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements | JD...
JD Supra· 1 day agoCryptocurrency has revolutionized the financial markets but also created tax traps for the unwary investor. Building on proposed regulations issued last year, the IRS recently ...
Yellen touts success of IRS pilot program that allowed direct free filing of tax returns
Ohio Capital Journal via Yahoo News· 2 days agoThe agency “met or exceeded” goals for the filing season and “successfully” […] The post Yellen...
IRS Notifies Thousands of Taxpayers That They Were Victims of a Data Breach
The National Law Review· 2 days agoOn April 12, 2024, the Internal Revenue Service began notifying thousands of taxpayers that their...
IRS considers the future of its Direct File pilot
Government Executive· 4 days agoThe IRS hasn’t made a decision about whether it will field its Direct File platform long-term, Commissioner Danny Werfel says, but the tax agency is...
Yellen touts success of IRS pilot program that allowed direct free filing of tax returns
New Jersey Monitor via Yahoo News· 3 days agoA free IRS tax-filing pilot program was successful, despite critics' warnings it would steal...
IRS Issues New Guidance for Private Letter Rulings on Spinoffs
Bloomberg Law· 1 day agoThe IRS released new guidance on private letter rulings, detailing procedures for taxpayers seeking rulings on certain corporate transactions.
IRS Announces Application Process for $6 Billion Allocation of Clean Energy Manufacturing and...
JD Supra· 1 day agoOn April 29, 2024, the IRS and the Department of Energy (DOE) announced the process by which they will accept and process applications on round two of the Section 48C(e) qualifying ...
IRS calls its free Direct File tax-prep tool a success. Will it be back in 2025?
Market Watch· 7 days ago“We have not made a decision about the future of Direct File,” IRS Commissioner Danny Werfel said,...
IRS free tax filing pilot processed more than 140,000 returns, saved consumers $5.6 million in prep...
CNBC· 7 days agoThis season, the IRS Direct File pilot helped more than 140,000 million taxpayers file taxes for...
Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
CNET· 6 days agoThe IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for...