These red flags that can trigger an IRS tax audit are ‘low hanging fruit,' expert says
IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...
JD Supra1d
IRS Issues Proposed Regulations on Secure 2.0 Catch-Up Provisions
The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply ...
You could see this tax form for the ‘first time ever' this season, taxpayer advocate says
You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.
The IRS Is Watching: 5 Red Flags That Could Trigger an Audit
The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...
Kiplinger2d
Types of Income the IRS Doesn't Tax: What to Know for 2025
Generally, distributions from your HSA for qualified medical expenses are tax-free, while HSA distributions used for other purposes are subject to an additional 20% tax penalty. If you are 65 or ...
The National Law Review3d
Let It Be…Taxed? The Carried Interest Debate Continues
Congressional Republican leaders met with President Donald Trump to address the Trump Administration’s 2025 budget and tax ...
JD Supra5d
IRS Provides Tax Guidance Related to State-Run Paid Family and Medical Leave Programs
On January 16, 2025, the Internal Revenue Service (“IRS”) issued Revenue Ruling 2025-4 (the “Rev. Rul.”). The Rev. Rul. provides guidance on ...