An Internal Revenue Service tax attorney has learned that ahead of Wednesday’s drawing, the estimated amount of the new Powerball jackpot total is about $1 Billion. According to the lottery, this makes it the seventh-largest prize in the history of this particular...
Near the beginning of the 2020 Covid-19 pandemic, certain investors were allowed to withdraw up to $100,000 from 401(k) plans and individual retirement accounts without the usual penalties and restrictions. The federal relief law passed in the spring of 2020 provided...
The New York Attorney General has stated that TurboTax will be sending approximately $141 million to American taxpayers as part of a court settlement. The agreement was reached last year by Intuit, the parent company of TurboTax, after they were accused of misleading...
A tax attorney in San Jose has learned that the Internal Revenue Service announced the debut of a government-managed tax-filing system on Tuesday. This free service allows taxpayers to avoid using third-party services. Instead, they can deal directly with the IRS at...
A tax attorney in San Jose has learned that Beyoncé has squared off with the Internal Revenue Service regarding a tax liability of $2.7 million. The singer brought the challenge to the IRS in United States Tax Court. According to Forbes, 41-year-old Beyoncé filed a...
