Katie St. Ores has a 100% track record of getting her tax clients out of paying the steep penalty for missing a required minimum distribution from their retirement funds. That Read more
Tag: IRS
A majority of Americans want to live in a place with strong gun-control laws and IRS should brace for ‘broad and deep’ scrutiny if Republicans win midterm elections. Here’s why every taxpayer should care.
Hi, MarketWatchers. Don’t miss these top stories. A majority of Americans want to live in a place with strong gun-control laws: Redfin poll A new survey reveals what’s on voters’ Read more
IRS should brace for ‘broad and deep’ scrutiny if Republicans win midterm elections. Here’s why every taxpayer should care.
Less than three months ago, a bill dedicating $80 billion for sweeping technological upgrades, staff additions and more enforcement at the Internal Revenue Service passed with no Republican votes, but Read more
U.S. Treasury to auction $96 billion next week in refunding
The refunding: As part of its regular quarterly refunding, the U.S. Treasury announced Wednesday it would sell $96 billion in notes and bonds next week. The department said it would Read more
IRS has been missing out on $500 billion in taxes owed annually — and the gap between what’s owed and paid is projected to widen
There’s a difference between the amount of taxes that people and businesses owe the Internal Revenue Service and the amount they actually pay. From 2014 to 2016, that multibillion-dollar gap Read more
‘Help is on the way’: Need to speak to someone at the IRS about your taxes? It’s about to get a lot easier, IRS commissioner says
The Internal Revenue Service has hired 4,000 people to help pick up the phone, speak with puzzled taxpayers and assist with other customer-service issues during the upcoming tax season, the Read more
Chicago man’s $11 million estate going to 119 distant cousins who never knew him
An unmarried Chicago man with no children, no living siblings, and no nieces or nephews quietly accumulated an $11 million estate over a long life, in large part through mutual-fund Read more
The IRS is stretching out penalty relief for Hurricane Ian victims who still need to file overdue 2019, 2020 tax returns
Hurricane Ian victims in Florida, North Carolina and South Carolina are still trying to get their bearings after last month’s epic wind, water and flooding caused billions of dollars in Read more
IRS sets new 401(k) limits — investors can save a lot more money starting in 2023
Days after the Internal Revenue Service announced big inflation-related bumps to tax brackets and standard deduction payouts for 2023, the tax agency is announcing sizeable increases in the amounts of Read more
IRS sets new 401(k) limits — investors can save a lot more money starting in 2023
Days after the Internal Revenue Service announced big inflation-related bumps to tax brackets and standard deduction payouts for 2023, the tax agency is announcing sizeable increases in the amounts of Read more