Attention, Taxpayers: Read This to Avoid Late Penalties on Estimated Taxes
The deadline for fourth-quarter payments is Jan. 15. After that, penalties begin accruing on underpayments at a 7% rate.
Lawrence Journal-World5h
New free tool lets Kansas taxpayers file directly with the IRS; here’s what you need to know
A new tool will allow many taxpayers in Kansas to electronically file their taxes directly with the Internal Revenue Service ...
Accounting Today9h
IRS, Treasury finalize rules for clean energy investments in low-income communities
The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section ...
Tax season is here: All the details on IRS Free File
The IRS' Free File Fillable forms, which are electronic versions of common IRS paper forms, will be accessible to all ...
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 ...
JD Supra11h
Final Regulations Issued in Final Days of Congress: Clean Hydrogen Production Tax Credit
The Department of Treasury and the Internal Revenue Service issued final regulations regarding the Section 45V clean hydrogen production credit.
Does the IRS ever forgive back taxes?
So does the IRS ever forgive the back taxes you owe, or does delinquent tax debt live on in perpetuity? The answer to this question could mean the difference between financial recovery and continual ...
Warren questions Trump IRS nominee’s experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service ...
Some Taxpayers Can Get a Free Head Start on Their Taxes Beginning Friday
Key Takeaways The Internal Revenue System will begin accepting tax returns from qualifying taxpayers starting on Friday ...
IRS Beats Insurer in Bankruptcy Appeal Over BP Oil Spill Payout
The Internal Revenue Service has priority over a $1 million payout received by a Florida staffing company from the Deepwater Horizon oil spill settlement, outstripping the bankruptcy claim of an ...
Do patrons have to report home purchase gift money to the IRS?
The short answer for Question 1 is yes, in most cases you are supposed to report the gift. For Question 2, contributors ...
Here Is How Early—and How Late—You Can File Your Taxes This Year
Tax filing season typically starts the last week of January, and taxpayers have until April 15th to file, pay any taxes due, or apply for an extension.