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WASHINGTON, D.C. — As summer comes to a close, the Internal Revenue Service (IRS) is urging taxpayers to reassess their tax withholding and payment strategies. This proactive step aims to …
Don’t Get Caught Off Guard: IRS Warns Taxpayers to Act Now or Face Big Surprises! Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a major milestone, having collected over $1 billion in past-due taxes from high-income taxpayers. This achievement stems from intensified enforcement …
IRS Surpasses $1 Billion Mark in Collections from Wealthy Tax Evaders Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a time-limited settlement offer for taxpayers involved in Syndicated Conservation Easements (SCE) and similar transactions that are currently under audit. …
IRS Offers Time-Limited Settlement to Taxpayers in Syndicated Conservation Easement Cases Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has introduced new guidelines under Notice 2024-55, providing crucial exceptions to the additional tax on early retirement plan distributions. These rules, effective …
IRS Issues New Rules for Early Retirement Plan Withdrawals in Emergencies and Domestic Abuse Cases Read More
WASHINGTON, D.C. — Taxpayers who, for any reason, missed the April deadline to file their 2023 federal income tax return should not fret. The Internal Revenue Service (IRS) has brought …
Missed the Tax Deadline? The IRS Has Options to Help Read More
Learn about short-term vs. long-term capital gains taxes in the realm of investments. Differentiation and taxation insights can guide decisions and optimize financial strategies.
Stop Paying Taxes in Your Brokerage Account Read More WASHINGTON, D.C. — To streamline the tax filing process, the Internal Revenue Service (IRS) is debunking common misconceptions surrounding Form 1099-K. This proactive approach is intended to ensure taxpayers understand …
IRS Unravels Mysteries of Form 1099-K: What Taxpayers Need to Know Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a reminder to farmers and fishers who chose not to make estimated tax payments by January that they must generally …
IRS Reminds Farmers and Fishers of March 1 Tax Filing Deadline, Offers Online Payment Solutions Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) is ramping up its efforts to provide taxpayers with clearer information this filing season. The agency recently announced revisions to its frequently …
IRS Updates FAQs for Form 1099-K, Delays New $600 Reporting Threshold Read More
WASHINGTON, D.C. — In an effort to maintain clarity and accuracy in the rapidly evolving field of digital currencies, the Internal Revenue Service (IRS) has issued an important call to …
IRS Urges Taxpayers to Report Cryptocurrency Earnings for the 2023 Tax Season Read More