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The Importance Of IRS Form 8606 For Heirs Of IRAs
Forbes· 6 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...
Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed...
Market Watch· 4 days agoWhen it comes to slot machines, winning an amount over $1,200 will trigger a tax form. The payer,...
IRS Announces Four Alternative Ways to Resolve Cases
WealthManagement.com· 5 days agoThe Internal Revenue Service has announced four alternatives associated with the Appeals Alternative Dispute Resolution Program. Outside stakeholders...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 6 days agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
Kokua Line: Why is IRS questioning my identity?
Honolulu Star-Advertiser· 3 days agoQuestion: I received an IRS inquiry form via U.S. mail. Answer: The IRS flags millions of income tax returns each year for potential ...
IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
CNBC· 3 days agoThere is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns...
Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses...
Business Insider· 1 day agoTrump could face a $100 million tax bill after the IRS said he tried to write off the same losses...
IRS issues final reminder on $1 billion in tax refunds
Newsweek· 4 days agoInternal Revenue Service has issued a final reminder to taxpayers who may have missed out on...
JD Supra: Tax Day Alert: Increased Interest on Deposits Will Cause More PACs To Owe Federal Income...
JD Supra· 12 hours agoAs interest rates have risen, more PACs are triggering federal income tax requirements stemming from interest they receive. Political organizations, including PACs, with more than $100 in taxable ...
IRS Direct File: 140K people used pilot program, but its future is unclear
WPRI Providence· 5 days agoThe government pilot program, rolled out this tax season in 12 states, allows people with very...