A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government may appeal the decision.
Category: Internal Revenue Service
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You May Be Owed a Tax Refund From the Covid Era
The New York Times – Business: -
Senators Say Lawyers Helped Wealthy Clients Dodge Taxes in Puerto Rico
The New York Times – Business:Rich Americans are writing off taxes they owed before they moved to Puerto Rico, the Senate Finance Committee says.
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Judge Asks Justice Department: Will You Oppose Trump?
The New York Times – Business:A federal judge has ordered the Justice Department to explain whether it intends to contest President Trump’s $10 billion lawsuit against the I.R.S. over the disclosure of his tax returns.
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More Americans Taking 401(k) Hardship Withdrawals
The New York Times – Business:More Americans are taking hardship withdrawals from workplace retirement accounts, prompted by rising costs — and looser rules.
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Trump Seeks More Time in Lawsuit Against IRS Over His Tax Returns
The New York Times – Business:The Justice Department has not responded to the president’s suit, which has created a conflict of interest for the government’s lawyers.
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Justice Dept. Struggles to Respond to Trump’s Suit Against IRS
The New York Times – Business:Officials at the department and the White House are in the middle of a messy and complicated debate over how to respond to President Trump’s lawsuit demanding $10 billion from the I.R.S.
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The I.R.S. Is Phasing Out Paper Checks. Here’s How to Speed Your Refund.
The New York Times – Business:President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check.
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The I.R.S. Is Phasing Out Paper Checks. Here’s How to Speed Your Refund.
The New York Times – Business:President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check.
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The Tax Bill Haunting Your 401(k) and I.R.A.
The New York Times – Business:Most people have piled their savings into tax-deferred accounts, delaying taxes until they retire. Using Roth options can help ease your tax bite.
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The I.R.S. Shut Its Direct File, but Here Are Other Free Filing Options
The New York Times – Business:The agency still offers a Free File program that works with commercial tax software firms. Some companies also offer free tools for certain filers.
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I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight
The New York Times – Business:The agency is using real-world profit data to challenge how big companies value offshore intellectual property.