The Tax Adviser14d
New IRS form for partners receiving property distributions
Form 7217, Partner’s Report of Property Distributed by a Partnership, debuted for 2024, intended to apprise the IRS of factors in a partner’s basis computation.
USA Today20d
Could IRS layoffs affect your 2025 tax refund? How to check refund status, schedule
Extension requests can be done through the IRS at no charge – both electronically and with a paper form 4868 – and require taxpayers to simply provide basic information like their names ...
Some EV tax credits risk being rejected by IRS on 2024 returns for long list of reasons
Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying ...
WRVO Public Media16d
What if I'm missing a form? Attorneys answer tax questions from NPR's audience
We asked our listeners to send us their most befuddling questions about the 2025 tax season. What if you can't pay your tax ...
CBS News28d
What is the IRS three-year rule and how does it affect your taxes?
Tax season can be complicated, and the Internal Revenue Service (IRS) has plenty of rules, restrictions and deadlines in place that can make things even trickier. Among these, the three-year rule ...
CBS News22d
Over 6,000 IRS employees expected to be terminated by end of week
Over 6,000 Internal Revenue Service employees are expected to be terminated by the end of this week, according to a source familiar with the agency's plans. More than half of these employees ...
CBS News23d
Got a $1,400 rebate text from the IRS? It's a scam, Better Business Bureau warns.
The phishing scam contains a fake link that mimics an official IRS website. Clicking on it could lead to malware or a fraudulent form asking for personal or financial information. Be aware that ...
CNN9d
The IRS is drafting plans to cut as much as half of its 90,000-person workforce, sources say
The Internal Revenue Service is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the ...
CBS News24d
Elon Musk's DOGE presence at the IRS raises concerns about taxpayer data security, refund delays
The presence of Elon Musk's cost-cutting task force, the Department of Government Efficiency, at the IRS is sparking fresh concerns from Democratic lawmakers about the safety of taxpayer ...
Fox News9d
Trump Treasury confirms it's eyeing IRS for 'streamlining' shake-up as tax season heats up
The Trump administration's Treasury Department is in the midst of weighing a "wide range" of possibilities to streamline the Internal Revenue Service amid reports up to half of the IRS staff could ...
Investopedia23d
What Is Form 1099-Q: Payments From Qualified Education Programs?
Cultura RM Exclusive/Stefano Gilera / Getty Images Form 1099-Q: Payments From Qualified Education Programs is an Internal Revenue Service (IRS) tax form sent to individuals who receive ...
Reuters29d
IRS prepares to lay off thousands of workers
Feb 14 (Reuters) - The U.S. Internal Revenue Service is preparing to fire thousands of workers in the coming days, a move that could squeeze resources at the tax-collecting agency during the ...