The Internal Revenue Service (IRS) wants to expand its use of authentication services that employ the Login.gov sign-on service developed by the General Services Administration (GSA), but the Treasury Inspector General for Tax Administration (TIGTA) said in a July 23 report that IRS is facing...
Pub 593 Tax Highlights for U.S. Citizens and Residents Going Abroad Pub 596 Earned Income Credit (EIC) Pub 600 State and Local General Sales Taxes Pub 907 Tax Highlights for Persons with Disabilities Pub 908 Bankruptcy Tax Guide Pub 915 Social Security and Equivalent Railroad Retirement Benefits...
If you live in California, you might qualify for an extension. The IRS is offering California taxpayers more time to file their taxes after the state was hit with a period ofsevere weatherin January. While Tuesday, April 18, 2023, is the tax filing de...
The IRS and the Treasury Inspector General for Tax Administration (TIGTA) work with the U.S. Computer Emergency Readiness Team (US-CERT) and various Internet service providers and international CERT teams to have the phishing sites taken offline as soon as they are reported....
“The fact remains that for some sensitive systems, the IRS does not have adequate controls to detect or prevent the unauthorized removal of data by users,” the Treasury Department Inspector General for Tax Administration (TIGTA) concluded in a report this month. ...
For penalties stemming from personal income tax returns and payments, you’re eligible for first-time penalty abatement if you both: filed a return (if required) for the past three tax years before the tax year you received the penalty didn't have any other IRS penalties during the prior th...
On August 25, 2023, the US Treasury Department and IRS proposed new regulations for digital assets, set to take effect on January 1, 2025. These regulations aim to bring the tax reporting for digital assets in line with that of traditional financial instruments. Under the new rules, digital ...
The general options available to a taxpayer include:Online payment plan –A payment plan is one way a taxpayer can stop the IRS from seizing their property. An individual taxpayer is eligible for a plan of this type when he or she owes $50,000 or less and all required tax forms have ...
We’ve summarized the IRS thresholds for Form 1099-K below. Tax Year Year Form Available Federal Reporting Threshold 2024 2025 More than $5,000 USD in gross sales from goods or services in the calendar year. 2025 2026 More than $2,500 USD in gross sales from goods or services ...
When will I get my 2024 tax refund? The IRS does not have an official tax refund calendar or schedule, but it does provide basic guidelines for when you might expect your refund. Taxpayers who e-file an error-free 2023 tax return can expect their refund within 21 days, per the...