On April 16, 2024, the IRS issued a notice extending temporary relief through 2024 for certain required minimum distributions related to the SECURE Act's 10-year distribution rule.
A borrower's IRS tax return can serve as valuable additional collateral for secured lenders, but perfecting an interest in a refund is more complicated than it is for other pledged assets.
Third-party payers that improperly claim employment tax credits on behalf of employer clients can be liable for underpayments when they make the claim and file returns under their own EIN, the IRS says.
With the gridlock in Congress, an argument could be made that the only things happening in Washington these days involve the Employee Retention Credit
If you want to escape Michigan income taxes and Michigan winters, you need to establish residency in your new home state. That takes more than simply having a new home.
Large non-cash charitable contributions can result in significant deductions, but the IRS may not reward your generosity if you fail to support your claim with a qualified appraisal.