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JD Supra: Preparing for IRS Cash Transaction Reporting in the Cannabis Industry
JD Supra· 2 hours agoCode form the backbone of both voluntary compliance with tax laws and the starting point for audits by the Internal Revenue Service (IRS). One ...
JD Supra: Retirement Lost & Found: DOL Proposes Voluntary Reporting
JD Supra· 35 minutes agoSavings Lost and Found (the “Lost & Found”) – was originally intended to leverage existing filing requirements, but the Internal Revenue Service (“IRS”) determined it could ...
$1 Billion in Tax Refunds Disappears Today If You Don't Claim It
CNET· 3 hours agoAlmost 1 million people are about to lose their tax refunds from 2021 -- including a stimulus check in the form of the 2020 recovery rebate credit -- simply because they didn't ...
Rossen Reports: Deadline to claim $1 billion in unclaimed IRS refunds
NBC 2 Fort Myers· 2 days agoThe IRS says there is more than $1 billion in unclaimed refunds. The original 2020 tax deadline was...
IRS Issues Proposed Foreign-Trust Regulations
WealthManagement.com· 2 hours agoOn May 7, 2024, the U.S. Treasury and Internal Revenue Service issued proposed regulations that provide guidance regarding information reporting of...
New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs | JD Supra
JD Supra· 11 hours agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...
Three tax refunds that are raising alarms with IRS
Newsweek· 1 day 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 Issues Warnings On Tax Scams Driven By Bad Advice Often Found On Social Media
Forbes· 13 hours agoThe IRS is warning taxpayers about a series of tax scams and inaccurate social media advice that led...
IRS may owe you $932; How to file claim before May 17 deadline
The Cleveland Plain Dealer· 2 days agoAbout 1 million people who didn’t file their tax returns for 2020 may still be eligible for a refund...
American families are struggling with debt. When it gets forgiven, the tax code treats it like extra...
Fortune via Yahoo Finance· 1 day agoFor many families, this exercise was a painful reminder of an aspect of their financial life they...