The IRS released Tax Tip 2024-38, April 25, 2024, to explain to taxpayers how to amend a tax return. If a taxpayer discovers an error after filing their return, the ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 5 years old. The IRS has announced that ...

The Internal Revenue Service has released guidance allowing partnerships subject to amended return filing restrictions enacted under the Bipartisan Budget Act of 2015 to amend 2018 and 2019 ...

Millions of people were entitled to exclude up to $10,200 in 2020 unemployment benefits from income. Since the change came after tax season opened, the IRS said it would auto-correct early returns. It ...

(RNS) — Earlier this month, the IRS announced it would not seek to remove the tax exemption of houses of worship that endorse political candidates, thereby making an apparent exception to the ...

The IRS is extending the last day of the initial remedial amendment period for Section 403(b) plans from March 31 to June 30. Plan sponsors now have until June 30,to update their pre-approved and ...

If you’ve ever needed to amend your taxes, you know that the process takes place the old-fashioned way: by submitting your forms through the mail. But that will finally change later this summer when ...