TAX NEWS
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- Central organizations at nonprofits with local affiliates are now required to file a new form with the IRS to maintain their tax-exempt status.
- A judge has nullified a deal between Donald Trump and federal agencies that granted him immunity over his and his family’s tax affairs.
- President Donald Trump was blocked from using his settlement with the IRS, which freed him from prior tax liability, in any official way.
- Starting this summer, eligible business taxpayers will automatically receive first-time tax penalty relief instead of having to request it from the IRS, the agency announced July 8. The IRS announced …
- Not every business shows a profit, but if your "hobby" is a business, you may be able to write off expenses against other income. Here are some tips.
- IRS to give automatic tax penalty relief to eligible Americans, starting this summer. This is a major win for everyone, experts say.
- Thanks a recent federal court decision, tens of millions of Americans may be able to receive a tax refund or abatement of penalties accrued during the first few years of the COVID-19 pandemic from the …
- Today is the last day to file for a potential COVID-related Internal Revenue Service refund. The refunds are related to a court case, Kwong vs. United States that expanded the scope of a specific tax …
- "Taxpayers who historically pay on time should not have to make a formal request for relief," the Internal Revenue Service says.
- This year's programme highlights emerging tax scams, essential security controls and data breach response strategies.