This article was published by the IRS. In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA [...]
This article was published by the IRS. By law, taxpayers interacting with the IRS have the right to finality. This right comes into play for taxpayers who are going through an audit. These taxpayers have the right to know when the IRS has finished the audit. This is one of ten basic rights — known collectively [...]
This article was published by the IRS. There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding. There's still time left in 2024 to make changes and see the benefit on their tax return next year. An adjustment made now [...]
Did you fall for misinformation about the Employee Retention Credit rules? If so, check IRS.gov/ercvdp to see if you can apply for the second ERC Voluntary Disclosure Program. If you qualify, you can get a discount on repaying your improper credit. The program ends Nov. 22, 2024.
This article was published by the IRS. The Taxpayer Advocate Service is an independent organization within the IRS. TAS protects taxpayers' rights by striving to ensure that all taxpayers are treated fairly and know and understand their rights under the Taxpayer Bill of Rights. Here's what all taxpayers should know about their rights and the role [...]
