IRS Issues Payment Reminder To Retirees
Retirees of a certain age with 401ks, IRAs and other workplace retirement funds must take required minimum distributions or ...
Received an audit letter from the IRS? Do these 3 things now
It's never fun to get this type of letter from the IRS, but there are steps you can take to resolve the situation.
How IRS Tax Refunds Will Be Impacted by Mass Layoffs
The layoffs, which have been directed by the so-called Department of Government Efficiency (DOGE), led by billionaire and ...
Big problem emerges in IRS return-to-office mandate: Not enough desks
The Internal Revenue Service ordered customer service employees back to the office. There was just one problem: not enough ...
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IRS Publishes New ACA Reporting Guidance for Employer Distribution of 1095-B and 1095-C
On February 21, 2025, the Internal Revenue Service (“IRS”) released Notice 2025-15, providing guidance to employers and insurers regarding ...
Some EV tax credits risk being rejected by IRS on 2024 returns for long list of reasons
Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying ...
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IRS will investigate people who made mistakes on their tax return
As tax season unfolds in the United States, the IRS is actively processing returns and issuing refunds. However, taxpayers ...
What happens if you owe the IRS more than $25,000?
The IRS has powerful tools at its disposal, and if your tax debt exceeds $25,000, the penalties could be serious.
If your tax return contains any of these 3 red flags, you're more likely to be audited by the IRS, CPAs say
Everyone dreads the idea of a tax audit. And luckily, almost no one gets one. Only 0.2% of taxpayers who made less than $1 ...