The National Law Review18h
IRS Issues Proposed Regulations on Secure 2.0 Catch-Up Provisions
The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.
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 ...
Should You Use a Personal Loan to Pay Your Tax Bill?
A personal loan can help you pay outstanding taxes quickly, but be sure to consider an IRS repayment plan and other ...
The IRS Is Watching: 5 Red Flags That Could Trigger an Audit
The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...
Thinking of making a statement by not paying your income taxes? This is what that could cost you.
The IRS doesn't have a "conscientious objector" type of exemption, not for political or religious reasons. The government expects you to pay tax on all your income as you earn it, which means that if ...
IRS Tax Refund: When to Expect It and How You Can Track It
A tax refund is a reimbursement to taxpayers who have overpaid their income taxes, and so the government sends the money back ...
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Can you file a claim if you did not receive the $1,400 check?
Taxes often feel like a burden, but they can also bring unexpected benefits. The IRS recently announced a surprise for ...
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HMRC 'vastly underestimating' tax evasion: MPs push for crackdown as 'bad actors' utilise 'loopholes' in system
HMRC's £5.5billion estimate for tax evasion in 2022-23 is likely "vastly underestimated," according to a stark warning from MPs. The House of Commons Public Accounts Committee said the tax authority ...
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Tax tips for business owners
Lawmakers adopted the Tax Cuts and Jobs Act (TCJA) of 2017 and it represented the most significant tax policy overhaul since ...
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These 6 Tax Mistakes Could Get You Audited by the IRS
According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly according to ...
Thinking of not paying taxes? This is what it could cost you.
What could that cost an individual? According to an accountant MarketWatch consulted, it would be a lot. To use round numbers, if you had $100,000 in adjusted gross income for 2025 and took the ...