News
New Orleans tax preparer is arrested for fraud
34+ min ago (196+ words) A New Orleans tax preparer faces multiple felony charges for a scheme to steal tens of thousands of dollars in state income tax refunds. In one case, LDR investigators flagged a suspicious return that included a W-2 form for 2022, a year…...
Money changer charged after beneficiaries in China were unable to access remitted funds
9+ hour, 22+ min ago (585+ words) The Monetary Authority of Singapore had asked Samlit Moneychanger to address the affected remitters" complaints but the company allegedly failed to do so. Published'Jul 09, 2026, 03: 56 PM Updated'Jul 09, 2026, 05: 58 PM SINGAPORE " A money-changing firm and two people linked to it were charged on…...
IRS Automatic Tax Penalty Relief Begins This Summer: BGOV Tax
4+ hour, 47+ min ago (102+ words) news. bloombergtax. com IRS Automatic Penalty Relief Coming Soon A clean IRS compliance history means certain taxpayers won't have to opt in to an IRS program to get penalty relief if they fail to file or pay their taxes, Erin…...
Received a Section 245 notice? Here's why your income tax refund may be adjusted against pending tax demand
11+ hour, 44+ min ago (263+ words) If you have received an intimation under Section 245 of the Income Tax Act, 1961, it does not necessarily mean you have done something wrong. It simply means the Income Tax Department intends to adjust your income tax refund against an outstanding…...
Eligible taxpayers to get automatic IRS penalty relief
22+ hour, 21+ min ago (627+ words) The IRS announced it will soon automatically abate three types of penalties " failure to file, failure to pay, and failure to deposit " for taxpayers with a history of timely compliance. The new process, called automatic exemption from penalty (AEP), replaces…...
9 Legitimate Reasons the IRS May Seize Your Tax Refund
1+ day, 9+ hour ago (853+ words) Even if you're owed a tax refund this year, the IRS can put that money toward other uses. Many Americans rely on tax season and the promise of a tidy tax return to get ahead financially. Unfortunately, even if you…...
Column | Missing this July 10 deadline could cost you an IRS tax refund
1+ day, 5+ hour ago (74+ words) The Washington Post If you paid IRS penalties or interest between 2020 and 2023, this deadline applies to you. The last thing you probably want to think about right now is your tax return. But if you paid penalties or interest to…...
IRS Launches Electronic Tool for COVID Tax Refund Claims
1+ day, 17+ hour ago (414+ words) The Internal Revenue Service launched a new online filing option on July 1, 2026, enabling individual taxpayers to electronically submit Form 843 for protective refund claims tied to a major pandemic-related court decision before the upcoming July 10 deadline. Glen Frost, founding partner of…...
Taxpayer Advocates Push for Retroactive Automatic Penalty Relief
3+ day, 6+ hour ago (96+ words) news. bloombergtax. com Taxpayer advocates want the IRS rollout of automatic penalty relief for Americans who fail to file taxes to start retroactively at the beginning of this year'not early this month like the agency has planned. The IRS is…...
He said wrong number" " Man recounts how wrong bank transfer ended in his favour
3+ day, 5+ hour ago (202+ words) A man has shared how a recipient of a mistakenly transferred "50, 000 demanded "20, 000 before agreeing to return the money, only for the transaction to be reversed by the sender's bank. According to the man, he accidentally sent the money to the…...