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Tax ID theft victims have had to wait almost 2 years for IRS refunds

July 5, 2024
IRS watchdog pushes for update on employee retention credit backlog

Welcome to Extreme Investor Network, where we provide unique insights and information to help you navigate the world of personal finance. Today, we are discussing the concerning rise in tax identity theft cases at the … Read more

Categories Personal Finance Tags IRS, refunds, tax, theft, Victims, wait, Years

IRS Issues Final Guidance on Reporting Taxes for Cryptocurrency

July 1, 2024
IRS releases final crypto tax reporting guidance

At Extreme Investor Network, we prioritize keeping our readers well informed about the latest updates in the world of personal finance. That’s why we’re here to break down the latest regulations set forth by the … Read more

Categories Personal Finance Tags cryptocurrency, Final, Guidance, IRS, issues, Reporting, Taxes

IRS watchdog urges timely update on backlog of employee retention credits

June 26, 2024
IRS watchdog pushes for update on employee retention credit backlog

Are you a small business owner who has been waiting for months to receive the employee retention credit (ERC) you are eligible for? You’re not alone. According to the national taxpayer advocate, there is a … Read more

Categories Personal Finance Tags backlog, Credits, Employee, IRS, retention, Timely, Update, urges, watchdog

The IRS is set to reject billions in employee retention credit claims

June 21, 2024
IRS will deny billions of dollars in employee retention credit claims

Introducing the ERC Withdrawal Program: What You Need to Know In recent news, the IRS announced that they will be denying billions of dollars’ worth of claims for the pandemic-era tax break known as the … Read more

Categories Personal Finance Tags Billions, Claims, credit, Employee, IRS, reject, retention, Set

IRS announces strategy to eliminate tax evasion for pass-through companies

June 17, 2024
IRS unveils plan to close tax loophole for pass-through businesses

At Extreme Investor Network, we are always on top of the latest developments in personal finance, especially when it comes to tax loopholes and strategies used by large partnerships to avoid paying their fair share. … Read more

Categories Personal Finance Tags announces, companies, eliminate, evasion, IRS, passthrough, strategy, tax

Treasury and IRS announce $1 billion in upfront EV tax credits for buyers

June 12, 2024
$1 billion in EV tax credits issued upfront to buyers, say Treasury, IRS

Are you interested in purchasing an electric vehicle (EV) but hesitant due to the cost? Well, there’s good news! The federal government has introduced a new incentive program that provides upfront cash incentives to buyers … Read more

Categories Personal Finance Tags announce, billion, buyers, Credits, IRS, tax, Treasury, upfront

IRS to Launch Nationwide Direct File Tax Program in 2025

May 30, 2024
IRS free Direct File tax program to be available nationwide in 2025

The IRS is expanding its Direct File program nationwide in 2025, providing taxpayers in all 50 states with a free tax filing option. This initiative aims to make tax filing easier and more accessible to … Read more

Categories Personal Finance Tags Direct, File, IRS, launch, nationwide, Program, tax

IRS Free File tax program will continue to be available until 2029

May 22, 2024
IRS adds ‘important update’ for free Direct File pilot

At Extreme Investor Network, we understand the importance of maximizing your financial opportunities, which is why we are excited to share the latest news on the IRS Free File program extension. The IRS has announced … Read more

Categories Personal Finance Tags Continue, File, free, IRS, Program, tax

How Much Money Can I Give to My Son and Daughter-in-Law Without Tax Consequences from the IRS?

May 21, 2024
Ask an Advisor: How Much Money Can I Give Away 'Without Incurring a Tax Issue With the IRS?'

Are you considering giving money to your loved ones but want to avoid potential tax issues with the IRS? Irwin had a great question on this topic. He asked, “How much money can I give … Read more

Categories Finance Tags Consequences, DaughterinLaw, give, IRS, money, Son, tax

IRS Direct File will fully open in pilot states on March 12.

May 14, 2024
IRS Direct File plans to fully open in pilot states on March 12

Introducing Direct File: IRS Free Tax Filing Program Tax season is upon us, and the IRS has introduced its final testing phase for Direct File, the agency’s free tax filing program. This program is set … Read more

Categories Financial Advisor Tags Direct, File, fully, IRS, March, open, Pilot, States
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