HMRC warning to people with over £3,500 in savings account
People with £3,500 or more in savings are being warned they could face an unexpected tax bill from His Majesty’s Revenue and ...
Hundreds of thousands face shock tax bill in April as HMRC delays sending out vital letters
HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is ...
JournalofAccountancy2d
Frivolous-tax-return penalty sustained
The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.
The College Investor on MSN2d
IRS Transcript Codes And WMR Reference Codes
Curious about what that IRS transcript code means? Or did you get an error code on WMR? One of the biggest questions we see ...
Birmingham Mail on MSN25m
Hundreds of thousands face shock from HMRC after delay sending out letters
Savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is delaying sending out vital ...
JD Supra6d
Treasury Releases Guidance and GREET Model for the Section 45Z Clean Fuel Production Credit
On January 10, 2025, the Treasury Department (the “Treasury”) and the Internal Revenue Service (the “Service”) continued their flurry of new ...
JD Supra3d
DOL Issues New Guidance Streamlining the Voluntary Fiduciary Correction Program
The Department of Labor (DOL) has issued a much awaited amendment to its Voluntary Fiduciary Correction Program (VFC Program). Notably, the ...
‘I pay my bills’: Chicago woman loses home despite paying property taxes on time for over a decade — sold for ‘delinquent taxes.’ How did this happen?
Robin McElroy’s home was sold at a tax auction despite proof she paid on time. A swapped property ID, identified years ...
Tax Guru2d
SC Quashes FIR Against Ex-Excise Commissioner, Cites Economic Factors in Asset Valuation Over 25 Years
In the case of Nirankar Nath Pandey Vs State of U.P. & Ors., the Supreme Court quashed an FIR lodged against the former Excise Commissioner, Nirankar Nath Pandey, under charges of possessing ...
Letters for Feb. 2
The Spokesman-Review invites original letters on local topics of public interest. Your letter must adhere to the following rules: No more than 250 words We reserve the right to reject letters that are ...
Tax return deadline fury: How HMRC just stopped picking up the phone - as calls answered fall by HALF
Between now and midnight on Friday, there will be a mad scramble among taxpayers to file their self-assessment tax returns - ...