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ERC Updates: Handling The Flood Of Improper Claims
Forbes· 4 days agoSince then, the IRS has issued a moratorium on claims, and the House has passed the Tax Relief for American Families and Workers Act, ...
IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
CNBC· 2 days agoNearly 940,000 taxpayers have until May 17 to file 2020 returns and claim their refund, the IRS said...
Kokua Line: Why is IRS questioning my identity?
Honolulu Star-Advertiser· 21 hours 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 Adds Generation-Skipping Transfer Deadline Relief After 16 Years | ThinkAdvisor
ThinkAdvisor· 4 days agoThe 2001 procedure requires a taxpayer to show the IRS that the “taxpayer acted reasonably and in...
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 4 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 29, 2024 – May 3, 2024. April...
In Innocent Spouse Tax Cases, How You Tell Your Story Matters
Bloomberg Law· 1 day agoMarried people who file their taxes jointly typically choose this option because of its tax advantages. A 2024 Tax Court case, Thomas v. Commissioner, demonstrates ...
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 3 days agoOn April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election ...
This Is the One Type of Debt That ‘Terrifies’ Dave Ramsey
AOL· 2 days agoIn his own words, tax debt “terrifies” Ramsey. Read More: Owe Money to the IRS? “If you owe the IRS...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability ofTax Credits...
JD Supra· 5 days agoThe final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications. The registration portal for transferring tax
IRS Issues New Regs on GST Allocations
WealthManagement.com· 3 days agoTaxpayers must apply for a private letter ruling to get an extension.