IRS PLR: Disregarded Entity Election Extension Granted (IRC §7701)
Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...
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IRS could send you a letter through the CTC; there are two main reasons
The Child Tax Credit (CTC) has been a lifeline for many American families, especially during the COVID-19 pandemic.
Here’s When You Can Expect Your IRS Tax Refund and How You Can Track It
There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...
One of tax return filing season's biggest financial risks isn't an IRS audit
The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...
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Where to Get Federal Tax Forms
Don’t worry. Even if your tax situation is complex, there are a number of ways to get your tax forms. The IRS no longer automatically mails out tax forms, because most people file online, either ...
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'@ Your Service': Demand for Payment Letters from the IRS
If a tax payer does not pay their tax bill in full, the IRS will send a "demand for payment" letter. If not paid, a lien will come next that is dated from the date of assessment. This lien becomes ...
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IRS has started accepting tax returns. Here's how when you'll get your refund.
The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...
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Biden’s letter to Trump wished him 'all the best in the next four years,' Fox reports
Outgoing presidents traditionally leave a letter for the incoming president. Former President Joe Biden wished President Donald Trump "all the best for the next four years" in the letter he left ...
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Trump says Biden left him 'inspirational-type' letter
Jan 21 (Reuters) - U.S. President Donald Trump on Tuesday said former President Joe Biden left him a "nice" letter inside the Resolute Desk at the White House, continuing an inauguration day ...
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Trump discovers letter from Biden in Oval Office desk
WASHINGTON − Former President Joe Biden left a letter for the man replacing him in the Oval Office, continuing a tradition dating back 36 years. President Donald Trump discovered the letter ...
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40% Transfer Tax: IRS Final Say On Foreign Gifts, Bequests From ‘Covered Expatriates’
Seventeen years after Congress enacted IRC Section 2801, the IRS (finally) released final regulations implementing the law on Jan. 10, 2025. It’s been a long wait. The regulations clarify (to a ...
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Here's when the IRS says you can start filing your taxes this year
The 2025 tax filing season will begin Monday, Jan. 27, the Internal Revenue Service announced earlier this month. The agency said in a statement it expects more than 140 million individual tax ...