There's $1 billion in unclaimed tax refunds for 2021. See NY, NJ, CT average payouts
Thousands of taxpayers in the tri-state area are part of the over 1.1 million people across the nation who have unclaimed refunds for tax year 2021 and have until April 15 to file their Form 1040, ...
The Tax Adviser15d
New IRS form for partners receiving property distributions
Editor: Greg A. Fairbanks, J.D., LL.M. The IRS released a draft form in summer 2024, with subsequent revisions and draft instructions, that partners will use, starting with tax years beginning in 2024 ...
Forbes15d
After Legal Settlement Payment, You May Receive Two IRS Forms 1099
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
Forbes20d
IRS Forms 1099 Can Be Wrong. Here’s What You Can Do About It
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.
USA Today25d
Elon Musk's DOGE seeks access to sensitive and restricted IRS data
Among the systems that DOGE, the newly created executive branch agency led by Elon Musk, is trying to access is the IRS Integrated Data Retrieval System, according to media reports. It includes ...
ABC News25d
Elon Musk's DOGE asks for access to IRS taxpayer data, sources say
If granted, DOGE would have personal financial details on millions of Americans. Elon Musk's Department of Government Efficiency is pushing for access to an Internal Revenue Service system that ...
USA Today26d
Can't wait for the biggest payday of the year? Tips to get your tax refund faster.
You can use your tax software to do it electronically or use IRS Form 8888, Allocation of Refund if you file a paper return. You can split your refund, in any proportion you want, and direct ...
CBS News28d
What is the IRS three-year rule and how does it affect your taxes?
Tax season can be complicated, and the Internal Revenue Service (IRS) has plenty of rules, restrictions and deadlines in place that can make things even trickier. Among these, the three-year rule ...
Reuters29d
IRS prepares to lay off thousands of workers
Feb 14 (Reuters) - The U.S. Internal Revenue Service is preparing to fire thousands of workers in the coming days, a move that could squeeze resources at the tax-collecting agency during the ...
Wall Street Journal29d
What Is VAT? The Tax Fueling Trump’s Latest Trade Fight
President Trump’s order asks federal agencies to look at how to use tariffs to match existing duties from other nations. Photo: Andrew Harnik/Getty Images President Trump on Thursday directed ...
Saver’s Tax Credit: A Retirement Savings Incentive
or ABLE plans are required to complete IRS Form 8880 to claim the saver’s tax credit. Those whose income does not exceed the ...
Financial Post1mon
Why the complicated form when the capital gains tax stayed the same for 2024?
The release of a new, updated tax form doesn’t generally make headline news, but this week’s publication of the Canada Revenue Agency’s (CRA) 2024 Schedule 3, Capital Gains or Losses has more than a ...