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Kokua Line: Why is IRS questioning my identity?
Honolulu Star-Advertiser· 11 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 ...
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· 1 day agoNearly 940,000 taxpayers have until May 17 to file 2020 returns and claim their refund, the IRS said...
Extended Relief for Required Minimum Distributions in 2024 | JD Supra
JD Supra· 20 hours agoThe latest IRS Notice, Notice 2024-35, which was released on April 16, 2024, extends the prior relief from excise tax penalties and plan ...
In Innocent Spouse Tax Cases, How You Tell Your Story Matters
Bloomberg Law· 18 hours 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 ...
This Is the One Type of Debt That ‘Terrifies’ Dave Ramsey
GoBankingRates via AOL· 2 days agoDave Ramsey doesn't like debt. However, there's one kind of debt he says to avoid more than any...
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 ...
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· 3 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...
IRS Generation-Skipping Transfer Tax Rules Ease Request Process
Bloomberg Law· 3 days agoThe IRS’s final rules detailing when taxpayers can get more time to use the generation-skipping transfer tax exemption streamlines the process of requesting that extension.
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