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D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 5 days agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
940,000 Taxpayers Have Just 2 Weeks to Claim Part of the $1B theIRS Is Holding. See If You're Owed...
CNET· 1 day agoThe IRS is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but it won't be...
Forget To File Your Taxes? You Might Hear From The IRS
Forbes· 2 days agoThe IRS is mailing compliance letters, known as CP59 notices, “on more than 125,000 cases where tax returns haven’t been filed since ...
IRS’ hyped Direct File tax software off to a slow start
The Washington Times· 6 days agoBiden administration officials insisted the pilot was a success, with millions of people checking...
IRS Notifies Thousands of Taxpayers That They Were Victims of a Data Breach
The National Law Review· 2 days agoDuring 2018 through 2020, Charles Littlejohn stole the tax return information of thousands of...
IRS Is Notifying Taxpayers Who Were Victims Of Massive Data Breach
Forbes· 1 day agoThe IRS is notifying taxpayers who were impacted by the Littlejohn data breach. Former IRS contractor Charles Littlejohn illegally accessed and distributed ...
May 15th Is Just Two Weeks Away! Tax990 Offers A Simple Solution For Nonprofits To Meet The Form 990...
Digital Journal· 19 hours agoMay 15, 2024, is the due date for nonprofits operating on the calendar tax year to e-file their 990 returns. This ...
Recently Issued IRS Littlejohn Victim Notices May Present Challenges for Taxpayers | JD Supra
JD Supra· 3 days agoAs required by law, the Internal Revenue Service (IRS) has begun issuing notification letters to victims of a former IRS contractor who illegally accessed ...
IRS Publishes Proposed Regulations on Stock Buyback Excise Tax | JD Supra
JD Supra· 1 day agoOn April 12, 2024, the US Department of the Treasury and the IRS published proposed regulations (89 FR 25980 and 89 FR 25829, the “Proposed Regulations”) on the application ...
New Final Tax Credit Transferability Regulations Issued; Changes Minimal | JD Supra
JD Supra· 2 days agoOn April 25, 2024, the IRS and US Treasury Department issued the final regulations... 6418 of the Code, the provision that allows sales of certain tax credits ...