The Repository4h
Do you have a stimulus check coming? IRS sending money to 1 million people. What to know
If you missed the stimulus checks in 2021, you might be getting one this year. The IRS is sending them to 1 million people.
Beware: Scammers exploit IRS COVID Tax Credit, targeting 1 million eligible taxpayers
Scammers are exploiting the IRS's recent initiative to distribute unclaimed $1,400 Recovery Rebate Credits to eligible taxpayers.
When does IRS start accepting tax returns? See first day to file, how to track your refund
The 2025 tax season is here, and companies are required to provide required documents by Jan. 31. Here's how early you can ...
Why fans of the IRS’s free tax-prep program hope it becomes the next Obamacare
The longer the Direct File tax-prep program sticks around, the harder it is to end it, which is what critics fear — and supporters want ...
IRS wants to better help people resolve tax disputes: ‘We’re committed’
In a press release published last week, the agency announced that it would be rolling out pilot programs that will test the ...
40% Transfer Tax: IRS Final Say On Foreign Gifts, Bequests From ‘Covered Expatriates’
U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.
Accounting Today3h
IRS can't verify LITC grant recipient eligibility
The IRS doesn't have the authority to independently verify that recipients of Low Income Taxpayer Clinic grants are eligible to receive them.
Facing an IRS Audit? Here's Your Immediate Action Plan
Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the right to get help if you need it.
JD Supra3h
A Foreign Trust Creates Complex IRS Reporting Requirements
The IRS has clearly identified legitimate reasons why "U.S. Persons" would establish or maintain ownership in a foreign trust ...
Stay off the IRS radar: Did you know income tax brackets have shifted? Here’s how to avoid an audit
President Donald Trump has issued a “full and unconditional pardon” to Washington, DC, police lieutenant Andrew Zabavsky and ...