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Mainers could be missing out on tax refunds
WMTW Portland· 9 hours agoThe IRS says more than $1 billion in tax refunds could go unclaimed. Typically, the filing deadline to claim old refunds falls around the tax deadline of April 15. If you ...
IRS Announces Four Alternative Ways to Resolve Cases
WealthManagement.com· 5 hours agoThe Internal Revenue Service has announced four alternatives associated with the Appeals Alternative Dispute Resolution Program. Outside stakeholders...
D.C. Court of Appeals Strengthens IRS’ Ability to Collect Penalties for Not Reporting Foreign...
JD Supra· 13 hours agoUnder the Tax Court decision, penalties for failing to file a tax form for reporting ownership of foreign companies could only be collected through the IRS
IRS Direct File: 140K people used pilot program, but its future is unclear
WPRI Providence· 23 hours agoThe government pilot program, rolled out this tax season in 12 states, allows people with very...
IRS Issues New Regs on GST Allocations
WealthManagement.com· 3 hours agoTaxpayers must apply for a private letter ruling to get an extension.
IRS Publishes Final Regulations for Transfer of Certain Credits | JD Supra
JD Supra· 13 hours agoOn April 30, 2024, the Internal Revenue Service (“IRS”) formally published final regulations governing the transfer of certain Federal income tax credits under Section 6418 ...
The Importance Of IRS Form 8606 For Heirs Of IRAs
Forbes· 2 days agoHere’s a way for saving, potentially, thousands in taxes on IRAs, including on those that you inherit: To get started, learn all about the IRS Form 8606...
Ex-Chief Hennepin County Public Defender Kassius Benson given probation for federal tax evasion
Star Tribune (Minneapolis) via Yahoo News· 2 hours agoKassius Benson, the former Hennepin County chief public defender who resigned amid a federal probe...
IRS Addresses Audit Rate Disparity Gap Between Black Taxpayers And Others Filers
Black Enterprise· 1 day agoOn May 2, the IRS announced the steps it will take to address a wide disparity in audit rates...
The IRS may owe you hundreds of dollars from years ago. You have days left to collect.
KREM.com Spokane· 2 days agoYou may be owed hundreds of dollars by the IRS. Generally the deadline to claim old refunds falls...