News

Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or 566)? What do you need to know? Many taxpayers wonder why they were selected for an audit.
Tax2efile, a leading IRS-authorized e-file provider, has officially launched its 2025 pre-filing season for Form 2290, giving truck owners and operators the opportunity to file their Heavy Vehicle ...
This, plus the ambiguity surrounding IRS enforcement, makes now a uniquely opportune time to examine evolving risks involving partnership returns. There have been several discrete events involving ...
If you did file a return and you haven’t received an anticipated refund, then it might not have arrived if the IRS had the wrong info. You can try to find out the status of your refund online ...
The IRS can legally seize your single-member limited liability company property to satisfy taxes if you have not filed IRS Form 8832 and have failed to respond to the IRS notice of overdue tax debt.
The information in an NR4 form can be used when you file your American income tax for the IRS. Use the IRS Form 1099-INT. The amount in the NR4 form is in Canadian dollars, ...
The IRS' new Revenue Ruling 2024-14 weaponizes the “economic substance doctrine,” a vague and largely discretionary standard, to retroactively question legitimate business transactions.
The IRS has an online tool called "Where's My Refund" that allows you to check on the status of your refund. Click here. You can start checking the status of your refund within 24 hours after you ...
This involves filing IRS Form 709. “Gifts over the $19,000 annual limit don’t automatically trigger tax,” says Laura Cowan, an estate planning attorney and founder of 2-Hour Lifestyle Lawyer.
Tax year 2021 Forms 1040 and 1040-SR and instructions are available on the IRS.gov Forms, instructions and publications page or by calling toll-free 800-TAX-FORM (800-829-3676).
Any business that pays at least $600 to an equipment leasing company during the year must file Form 1099-MISC. For 2021, submit this document to the IRS by February 28, 2022, if you file on paper ...