To add to the anxiety, receiving any sort of notification or letter from the IRS at any time of the year is not always welcomed, especially not so while you are in the middle of filing your taxes.

The Internal Revenue Service (IRS) recently issued Private Letter Ruling (PLR) 202504006, addressing several important estate and gift tax questions related to the division of a marital trust and ...

The IRS didn't immediately return a request for comment. In a Feb. 17 letter to the IRS, Senators Ron Wyden and Elizabeth Warren, both Democrats, cited reports that DOGE is "pressuring the IRS to ...

Top Democrats in Congress want to know what Elon Musk’s Department of Government Efficiency (DOGE) plans to do at the Internal Revenue Service (IRS) after multiple outlets reported the advisory ...

according to IRS Code, 26 U.S. Code § 7608. The Department of Homeland Security sent a letter to Treasury Secretary Scott Bessent in February requesting that the IRS provide agents to be used for ...

We’ve all heard tax accountants say this during tax season ... D-N.Y., and seven Democratic committee members said in a letter to the Trump administration on Tuesday. "Millions of Americans ...

The release of a new, updated tax form doesn’t generally make headline news, but this week’s publication of the Canada Revenue Agency’s (CRA) 2024 Schedule 3, Capital Gains or Losses has more than a ...

Tax season can be complicated, and the Internal Revenue Service (IRS) has plenty of rules, restrictions and deadlines in place that can make things even trickier. Among these, the three-year rule ...

But the payments — a maximum of $1,400 per recipient — are automatic and those getting them were sent a letter ... IRS website. Clicking on it could lead to malware or a fraudulent form ...

The government department will send out a P800 letter which will tell the recipient that they're due a tax refund (otherwise known as a tax rebate). This refund can happen for a number of reasons ...