IRS
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IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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TikTok Ban Not Fully Enforced at the IRS, Report Finds
Hundreds of IRS-CI employees still had access to TikTok months after the app was banned from all government devices, TIGTA said.
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There’s Still Time to Claim Unpaid Economic Stimulus Payments
Not everyone who was entitled to an EIP was able to collect the full amount they were owed. Either they didn’t receive the correct amount or they didn’t get a payment at all.
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Should You Elect to Forgo Preferential Tax Treatment on Capital Gains and Dividends?
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
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How to Get the Most Tax Benefits from a Roth IRA
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
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Gift Tax Exclusion Increases for 2024: How to Get the Most Benefit
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
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IRS Launches Anti-Fraud Program to Help Businesses that Filed ‘Questionable’ ERC Claims
Businesses interested in taking advantage of the voluntary disclosure program have until March 22, 2024, to apply.
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IRS Extends Tax Filing Deadlines in Some Areas of Tennessee
The IRS has announced several Tennessee tax deadline extensions in four counties after severe storms and tornadoes.
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IRS Issues Guidance on Tax Credit for Clean Hydrogen Production
The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility.