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How fast must you empty an inherited IRA account to comply with the IRS’s updated rules? Money...
MSN News· 16 hours agoThe bestselling author believes timing is everything
25 Investigates: Identity theft tax fraud leading to long waits for refunds
FOX 25 Boston· 54 minutes agoAccording to an annual report by the National Taxpayer Advocate, “Individuals who are victims of tax-related identity theft are waiting an average of nearly 19 months for the IRS< ...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 8 hours agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
Opinion | The IRS Money Hole Gets Deeper
The Wall Street Journal· 6 hours agoThe Internal Revenue Service can’t write its own checks, which means it has to ask Congress for funding like any other agency. Commissioner Danny Werfel...
IRS Identity Theft Case Processing Slows, Taxpayer Advocate Says
Bloomberg Law· 12 hours agoThe IRS is taking 22 months to process and send refunds to victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said Tuesday. This is up from 19 ...
Hundreds wait in long lines at IRS offices in Detroit to verify IDs and get tax refunds
Detroit Free Press via Yahoo Finance· 2 days agoWhat's often billed as a friendly, no-appointment-needed, walk-in Saturday at the IRS turned into a...
New Safe Harbor for the Domestic Content Bonus Tax Credit
The National Law Review· 9 hours agoLate last week, the Internal Revenue Service (“IRS”) and Department of the Treasury issued highly...
5 Things You Should Know Now About IRS Form 3520-A
Forbes· 23 hours agoU.S. persons with interests in foreign trusts often have complicated international reporting obligations. Aside from an IRS Form 3520, these persons may have separate requirements ...
Three tax refunds that are raising alarms with IRS
Newsweek· 5 days agoThe IRS is warning taxpayers they may need to amend their returns if they filed for three specific tax credits. Many Americans may have fallen victim to...
IRS Racial Audit Disparities Need Accountability to Be Resolved
Bloomberg Law· 19 hours agoThe IRS finally acknowledged this month what Stanford’s Institute for Economic Policy research uncovered in 2023: Racial disparities in taxpayer audit rates have negatively ...