The IRS said Friday that it will accept 2024 individual income tax returns starting Jan. 27. Many taxpayers will have more options to file for free this year. Online accounts will have more ...
An estimated 1 million Americans will be getting a financial boost from the IRS for previously unpaid stimulus, officially ...
Under the expansion, individuals who make up to $200,000, or joint filers who make up to $250,000, may be eligible to use the ...
His remarks are noteworthy because the impact of tariffs is a wild card this year for the U.S. economy. Financial markets ...
KYC and IRS tax reporting are coming to DeFi platforms as a result of the newly released DeFi broker tax regulations.
If you inherit that stock, however, your new basis steps up ... for the benefit of the trust’s beneficiaries. Previously, the IRS granted the step-up in basis for assets in an irrevocable ...
The 2024-2025 PGP cites proposed regs (REG-124850-08), published May 8, 2024, that provide guidance on information reporting ...
Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...
Section 6039 of the Internal Revenue Code (Code) requires a corporation to furnish a written statement to any employee or former employee who ...