All posts tagged "IRS"
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37FINANCE2025 Tax Deduction Change for Those Over Age 65
As it does each year, the IRS has announced inflation adjustments to several important credit and deduction amounts, set to take effect...
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31NEWSIRS Direct File Program Review: Can You File Taxes For Free?
The IRS Direct File program is a free option from the IRS to file your taxes. This will be the second year of the...
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38FINANCEMore Retirees Will Owe Taxes on Social Security Benefits in 2025. Here’s Why.
In 2025, more retirees are going to have to give the IRS a cut of their retirement benefits. While this is likely...
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33NEWS
IRS doubles number of states eligible for its free Direct File for tax season 2025
The IRS said it’s doubling the number of states to 24 that will have access to its Direct File system in the...
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60NEWS4 Common IRS Tax Problems and Solutions
Most people don’t get excited about tax season. In fact, most of us hate this time of year, but it’s nothing to...
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80FINANCEJackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule.
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and...
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94FINANCETax Court Rules IRS Does Not Have Statutory Authority To Assess Penalties For Failure To File Form 5471
Every now and again, a case comes across your desk that makes you say, “Whoa.” The U.S. Tax Court gave Farhy a...
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122FINANCE
Taxpayers Have ‘Lack of Urgency’ To File by April 18 — Is an Extension Right for You?
U.S. taxpayers will get an extra three days to file their returns in 2023 vs. most years, and it seems that many are taking...
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130FINANCEDon’t File Your Taxes Early Says IRS, Wait for Form 1099-K
Once you’ve received your W-2 from your primary job, you might be tempted to file your taxes as soon as the filing window opens to get...
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142FINANCE
Tax Update: IRS Delays $600 Reporting Threshold for Venmo, PayPal and Third-Party Payment Apps
In what will be great news before the end of the year for small business owners and millions of Americans, the Internal...
