Former State Sen. Vincent Fumo faces new trial over IRS demand he pay $3 million in back taxes – The Philadelphia Inquirer

Thirteen years after former State Sen. Vincent J. Fumo was convicted on federal charges of defrauding the State Senate and two nonprofit organizations, he is about to face off against the feds in another, long-delayed trial. In a civil trial set to start Monday before a U.S. Tax Court judge, Fumo, 79, is challenging an … Read more

IRS offers tips to protect tax information in disasters – Northeast Mississippi Daily Journal

As the 2022 Atlantic hurricane season activity picks up after a slow start, there’s no time like the present to review plans to protect important tax-related information. But even if you haven’t put things in order, the Internal Revenue Service offers information to help individuals, businesses and organizations deal with the aftermath of hurricanes and … Read more

IRS warns of new text scam targeting hundreds of thousands nationwide – KXLY Spokane

September 29, 2022 4:55 PM Posted: September 29, 2022 4:55 PM Updated: September 29, 2022 6:32 PM SPOKANE, Wash. — The Internal Revenue Service (IRS) warned Wednesday of a new phishing scam targeting hundreds of thousands of taxpayers across the country. According to the IRS, scammers were targeting people via text messages, containing links to … Read more

IRS Extends Plan Amendment Deadlines for CARES Act Provisions – PLANADVISER

The IRS has issued Notice 2022-45, extending the deadlines for amending eligible retirement plans, including an individual retirement arrangement or annuity contract, to reflect certain provisions of the Coronavirus Aid, Relief and Economic Security Act and the Taxpayer Certainty and Disaster Tax Relief Act.  For qualified nongovernmental retirement or 403(b) plans, including individual retirement arrangements, … Read more

IRS Releases Updated Notice 931 Employment Tax Deposit Schedule – Bloomberg Tax

The 2022 revision of Notice 931, Deposit Requirements for Employment Taxes, was released this week by the Internal Revenue Service. The notice establishes the deposit schedule and rules for Form 941, Employer’s Quarterly Federal Tax Return. The deposit rules for Form 941 also apply generally to Forms 943, Employer’s Annual Federal Tax Return for Agricultural … Read more

IRS issues tax relief for Floridians following Hurricane Ian’s devastation – WJXT News4JAX

WASHINGTON – The Internal Revenue Service announced Thursday that taxpayers affected by Hurricane Ian are eligible to receive tax relief following the recent disaster declaration issued by the Federal Emergency Management Agency. Individuals and households that reside or have a business anywhere in Florida have until Feb. 15, 2023, to file various individual and business … Read more