IRS
How to Realize Tax Rewards with Sec. 1244 Stock
Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.
Taxpayers Can Use a 529 Plan for Themselves
But Section 529 plans don’t have to be used only for your kids. One can be set up to reward virtually any beneficiary—including yourself!
How to Deduct Business Expenses While on Vacation
When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.
IRS Warns of New Tax Refund Mail Scam
If you receive a cardboard envelope appearing to be from the IRS about an unclaimed tax refund, be cautious. It’s a scam.
IRS Has Improved Services, But Still Needs Work, Says Taxpayer Advocate
The IRS achieved an 85% level of service for telephone calls to its toll-free phone lines, according to the report, and Kiplinger previously reported that the IRS cut phone waiting times from 27 minutes to four minutes.
IRS to Mail Taxpayers in Disaster Areas CP14CL Notices
The new IRS mailing will go to taxpayers in states who received extended deadlines for the 2022 tax year due to natural disasters.
AICPA Voices Support for Tax Deadline Simplification Act
The AICPA supports altering the due dates for estimated tax payments, stressing that it would be better to more closely tie payment due dates to the normal quarter date, which is traditionally 15 days after the quarter end.
Transcripts From Hunter Biden Probe Released by House Ways and Means
The panel voted along party lines to make public 400 pages of transcripts from interviews with two IRS employees.