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The Internal Revenue Service is delaying the new $600 reporting threshold for 1099-K tax forms, a move many tax experts believe will help avoid potential chaos this upcoming filing season.
A viral video shared on Facebook claims a new $1,000 stimulus check is purportedly being offered to Americans as of November 2024. Verdict: False The claim is false. A spokesperson for the ...
The IRS said Friday it is sending a total of $2.4 billion in "special payments" to 1 million people, part of an effort to ensure that Americans who didn't receive all of their federal stimulus ...
Jack E. Golsen of Oklahoma City purchased what was purportedly a whole life insurance policy from Western Security Life Insurance Co. However, the tax court found that the loan structure of the policy was effectively a term life policy and subject to a 4% tax.
Tax protesters in the United States advance a number of administrative arguments asserting that the assessment and collection of the federal income tax violates regulations enacted by responsible agencies –primarily the Internal Revenue Service (IRS)– tasked with carrying out the statutes enacted by the United States Congress and signed into law by the President.
Most residents in states that distributed some kind of stimulus payments or tax rebates last year don’t have to report them on their federal returns. But some residents in four states do ...
Thursday’s op-ed from Rettig is apparently the agency's first direct pushback against those specific viral claims. “Less than 1% of new hires will be in our IRS Criminal Investigation (IRS-CI ...
The IRS receives around 3 million amended tax returns annually, according to a new release by the agency on February 9, 2023.Taxpayers who amend taxes could be retroactively claiming a refund or ...