Taxpayer protections are threatened in proposed rules that shorten the window for the IRS to contact a third party about a taxpayer’s outstanding tax bill, National Taxpayer Advocate Erin Collins said ...

For journalists like the Washington Post’s Jason Rezaian, who came home to thousands in IRS penalties after spending more than a year unlawfully detained by Iranian authorities—it would make returning ...

To combat late information return filings, the IRS has systemically assessed penalties for certain late-filed international information returns, including IRS Forms 3520, 3520-A, 5471, and 5472.

The IRS will no longer automatically impose penalties for late-filed forms related to foreign gifts, Commissioner Danny Werfel announced Thursday at the UCLA Tax Controversy Conference. “We have ...

“Any violation of these compliance guidelines will be dealt with the utmost severity, including the imposition of penalties or cessation of UPI services," the letter added. By using the NPCI ...

Agency said it sent 180 notices to companies in January IRS plans to stand up new team in CAP program Corporate taxpayers getting letters from the IRS regarding their transfer pricing positions in the ...

So, the IRS initially waived penalties for failing to take RMDs for certain IRAs inherited in 2020 and 2021. Later, the agency waived missed RMD penalties for IRAs inherited in 2022. Profit and ...

Former Ferrari driver Jean Alesi has questioned why Max Verstappen’s “extreme and foul” defence went under the radar after Lando Norris’s “scandalous” United States Grand Prix penalty.

Norris was hit with a five-second penalty at the Circuit of The Americas for running off track and gaining an advantage while fighting Red Bull driver and F1 2024 title rival Verstappen for third ...

The Ad Valorem Tax Abatement (AVT) program has been vital in positioning Brevard County as a competitive business location, attracting and retaining companies with high-paying jobs, and ...

Officials determined that there was no penalty on the play when the game resumed, though. Texas retained the ball. Bulldogs head coach Kirby Smart was visibly frustrated with officials on the ...