Tax Refund And Return Processing Times Shorten As IRS Works Through Backlog
The IRS says it has processed all paper and electronic individual returns received before April 2023, and they are opening mail within normal time frames. – Forbes – Taxes
The IRS says it has processed all paper and electronic individual returns received before April 2023, and they are opening mail within normal time frames. – Forbes – Taxes
The nation’s tax agency is making a major policy change: it will end most unannounced visits to taxpayers by agency revenue officers. – Forbes – Taxes
The risk of inflation is important when swapping real for nominal dollars. Rather than ending the fear of outliving your 401(k), QLACs can exacerbate it. – Forbes – Taxes
Joseph J. Thorndike considers the potential presidential run of Sen. Joe Manchin III, D-W.Va., and how it could boost his upcoming Senate reelection campaign. – Forbes – Taxes
The 2023 Women’s World Cup prize money increases as the teams move on. Controversy is still a factor—here’s a look at money and taxes in this year’s tournament. – Forbes – Taxes
“The parties have not pointed to any regulations, IRS guidance, or case law for their interpretation of this language, and I have found none.” – Forbes – Taxes
Whether it is manufacturers, clothing designers, software developers, plant breeders, or engineers, businesses across New York are shocked at their federal income tax bill. – Forbes – Taxes
Joseph J. Thorndike examines the No Labels third-party manifesto and its unfortunate reliance on the language of “taxpayerism.” – Forbes – Channel Feed
The winner cab take the billion in 30 annual installments over 29 years, or as an up-front, $558.1 million lump sum. But taxes take a lot either way. – Forbes – Taxes
A judge ruled that a Florida couple is liable for taxes on $1.2 million in retirement income, much of which was fraudulently taken from them by their own daughter. – Forbes – Taxes
IRS delays final ruling on changes to inherited IRA required distributions until 2024, and extends the RMD penalty waiver to 2023 for certain beneficiaries. – Forbes – Taxes
Recent SEC actions and federal criminal indictments for alleged insider trading during the pandemic offer jolting lessons in securities law for us all. – Forbes – Taxes