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D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 16 hours agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
New I Bond rates won't be tantalizing but they could be decent
Detroit Free Press· 3 days agoOn May 1, a new rate for Series I Savings Bonds will be announced by the U.S. Treasury's Bureau of...
Ted Cruz could be in trouble with the IRS
Newsweek· 3 days agoTexas Senator Ted Cruz may face scrutiny from the Internal Revenue Service (IRS) over payments linked to his podcast, according to tax experts. Questions...
IRS free tax filing pilot processed more than 140,000 returns, saved consumers $5.6 million in prep...
CNBC· 1 day agoThis season, the IRS Direct File pilot helped more than 140,000 million taxpayers file taxes for free and saved $5.6 million in tax prep fees.
Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program
The Wall Street Journal· 1 day agoWASHINGTON—The Internal Revenue Service declared its foray into online tax preparation a success and...
IRS Suffers Another Defeat Related To Civil Penalties In Tax Court
Forbes· 4 days agoThe IRS suffered another defeat in the U.S. Tax Court focused on civil penalties and automatic...
Treasury, IRS Issue Inbound Corporation Stock Repurchase Excise Tax Proposed Regulations | JD Supra
JD Supra· 2 days agoFollowing the release of initial guidance in the form Notice 2023-2, the U.S. Department of the Treasury (Treasury) and IRS issued proposed regulations ...
Employers Are Ghosting The IRS, Plus The FTC Bans Most Noncompetes
Forbes· 4 days agoYou’ve probably been ghosted by potential employers, but did you know that some companies are...
...Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax...
SmartAsset via AOL· 5 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
...Failed to Disclose a Swiss Bank Account Were Liable for Penalties, Tax Court Decision Affirmed (D...
Bloomberg Law· 4 days agoTaxpayers, Swiss citizens who failed to disclose their foreign bank account, were liable for penalties related to their unreported income, the U.S. Court of Appeals for the D.C. Circuit held, ...