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IRS still finalizing some forms for e-file acceptance

At the present time, the IRS is still finalizing some forms for the e-file acceptance. As a result, there could be rejections or errors on the e-file in certain forms or schedules are e-filed as part of the tax return. The U.S. Government Accountability Office GAO "...  provides fact-based, nonpartisan information to Congress. Often called

By |2024-02-19T04:26:10+00:00February 19th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , , , , |

IRS release a notice of adjustment for $29 billion to Microsoft

The IRS is requesting around $28.9 billion in taxes for the period from 2004 to 2013. The subject is related to transfer pricing issues to shift profits from a higher taxable jurisdiction to a lower taxed one, such as Puerto Rico. Daniel Goff, Microsoft Corporate Vice President, Worldwide Tax and Customs, has wrote a blog

By |2023-10-13T13:36:49+00:00October 12th, 2023|Categories: Business|Tags: , , , , , , , , , |

Less than a month to claim $1.5 billion in 2019 refunds

The IRS reminded taxpayers in mid June 2023 that the deadline to claim their 2019 refunds is approaching. The deadline is July 17, 2023. Note that the IRS has extended their refund window as usually it is three years. However, the three year window for 2019 was extended due to the Covid-19 pandemic. If no

By |2023-06-19T19:26:36+00:00June 19th, 2023|Categories: Individuals|Tags: , , , |

IRS has refunds totaling $1.3 billion for people who have not filed a 2017 federal income tax return

In the IRS Issue number IR-2021-75, the IRS indicates that there is $1.3 billion of refunds that have not been claimed by the taxpayers in 2017. Keep in mind, that the law provides a three-year window to claim a refund. Normally, April 15, 2021, is the deadline to claim a refund from tax year 2017

By |2021-04-08T17:09:01+00:00April 7th, 2021|Categories: Individuals|Tags: , , , , |
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