IRS sending out $2.4 billion worth of stimulus checks: Are you eligible to receive one?
The IRS announced eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return are in line ...
Why IRS Will Owe Some Americans Extra Money on Top of Tax Refund
If a tax refund is delayed by more than 45 days, the IRS is legally required to pay interest on top of the refund. While this is good for the taxpayer, Collins noted that it's not financially ...
IRS service is improving, report to Congress says. But, it’s still dogged by ‘delays, frustration’
For the first time since I became the National Taxpayer Advocate in 2020, I can begin this report with good news: The taxpayer experience has noticeably improved,” Taxpayer Advocate Erin Collins wrote ...
JD Supra1d
Treasury and IRS Release Final Regulations Applicable for Front-End Service Providers Facilitating Digital Asset and Cryptocurrency Transactions
On December 30, 2024, the Department of the Treasury (the Treasury) and the Internal Revenue Service (the IRS) published the final regulations ...
You can file your taxes online for free starting tomorrow: Here’s how
A software that allows people to file their taxes for free is set to launch soon. According to a press release from the ...
IRS Signals a Coming Crackdown on Gig Workers
Beginning this tax year, gig working platforms have to report information about more workers to the IRS as the agency cracks ...
Stimulus checks from IRS could be coming your way. Are you eligible?
"Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were ...
JD Supra1d
Treasury Department, IRS Release Sections 45Y, 48E Tech-Neutral PTC and ITC Final Regulations
The U.S. Department of the Treasury and IRS on Jan. 7, 2025, released final regulations regarding the clean electricity production tax credit ...