According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

As agencies enter a new White House-directed era of data sharing, an IRS watchdog is highlighting a cautionary tale involving the transfer of inaccurate tax information that may have impacted millions ...

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Tax season begins this month. And this week, the IRS posted a reminder for those who want to get ready for tax season now. "As the IRS continues its digital transformation, it’s making filing easier ...

On 10/24/24, the National Taxpayer Advocate shared on its NTA Blog that the IRS has discontinued its policy of automatically imposing penalties for late submissions of Form 3520, which pertains to ...

The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the Service ...

The IRS will end its practice of automatically assessing penalties for the late filing of forms dealing with foreign gifts and bequests, a change long advocated by the AICPA and the Taxpayer Advocate ...

Hunter Biden pled guilty on Thursday to an armload of federal tax crimes. But when will the Internal Revenue Service plead guilty to stealing the 2020 election for Joe Biden? The coverup of Hunter’s ...

May 17 is your last chance to claim your 2020 tax refund by filing your federal return. As of May 6, there was still an estimated $1 billion in unclaimed refunds from tax year 2020, and the median ...

The Internal Revenue Service is holding on to $1 billion in unclaimed refunds for those who didn’t file their federal taxes in 2020. The average median refund is $932, and the deadline to claim the ...