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More than half of the recent IRS audits are focusing on the middle class

May 13, 2024
Over Half Of New IRS Audits Targeted The Middle Class

Are you tired of feeling like your hard-earned money is being squeezed by Washington’s reckless spending? Well, you’re not alone. The truth is, the cost of this spending falls on US taxpayers, and it’s time … Read more

Categories Economy Tags audits, class, focusing, IRS, middle

IRS Increases Health Savings Account Contribution Limits for 2025

May 9, 2024
IRS boosts health savings account contribution limits for 2025

As experts in personal finance, we at Extreme Investor Network are always on the lookout for the latest updates that can help you make the most of your money. Recently, the IRS announced the 2025 … Read more

Categories Personal Finance Tags Account, contribution, health, Increases, IRS, Limits, savings

IRS plans to more than double audit rate for wealthiest taxpayers

May 2, 2024
IRS aims to more than double its audit rate on wealthiest taxpayers

At Extreme Investor Network, we believe in providing our readers with unique and valuable information on personal finance to help them make informed decisions about their money. Today, we’re diving into the latest update from … Read more

Categories Personal Finance Tags audit, double, IRS, plans, Rate, taxpayers, wealthiest

The IRS Direct File pilot successfully processed over 140,000 returns this season.

April 26, 2024
IRS Direct File pilot processed more than 140,000 returns this season

At Extreme Investor Network, we understand the importance of maximizing your financial opportunities. That’s why we’re excited to share the latest updates on the IRS Direct File pilot program that has already benefited over 140,000 … Read more

Categories Personal Finance Tags Direct, File, IRS, Pilot, processed, returns, season, successfully

The IRS introduces Form 1099-DA for reporting income derived from digital asset transactions.

April 20, 2024
IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

The IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions As experts in the world of cryptocurrency, we are always on top of the latest developments in the industry. Recently, the Internal … Read more

Categories Economy Tags 1099DA, asset, derived, Digital, Form, Income, Introduces, IRS, Reporting, Transactions

IRS exempts certain inherited IRA accounts from mandatory distributions in 2024

April 19, 2024
IRS waives required withdrawals from some inherited IRA for 2024

At Extreme Investor Network, we strive to provide you with unique and valuable information to help you navigate the complex world of personal finance. Today, we want to discuss a recent update from the IRS … Read more

Categories Personal Finance Tags accounts, Distributions, exempts, Inherited, IRA, IRS, mandatory

As Tax Season Ends, IRS Anticipates Increase in Crypto Tax Crime Investigations

April 15, 2024
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The tax season is coming to a close, and the Internal Revenue Service (IRS) is gearing up for a potential increase in cases involving crypto tax crimes. Guy Ficco, head of the IRS’s criminal investigative … Read more

Categories Economy Tags Anticipates, Crime, Crypto, ends, increase, Investigations, IRS, season, tax

IRS Introduces ‘Critical Update’ for Free Direct File Pilot Program

April 8, 2024
IRS adds ‘important update’ for free Direct File pilot

At Extreme Investor Network, we understand the importance of maximizing your tax return while also making the filing process as smooth and efficient as possible. That’s why we are excited to share with you the … Read more

Categories Personal Finance Tags critical, Direct, File, free, Introduces, IRS, Pilot, Program, Update

IRS Criminal Investigation Unit Accused of Harassing Blockchain Sleuth ZachXBT, Reports Him

April 6, 2024
Blockchain Sleuth ZachXBT Reports Alleged Harassment by IRS Criminal Investigation Unit

At Extreme Investor Network, we are always at the forefront of the latest developments in the world of blockchain, cryptocurrency, and emerging technologies. Recently, the community was shocked by the news that ZachXBT, a renowned … Read more

Categories Economy Tags accused, blockchain, Criminal, Harassing, Investigation, IRS, Reports, Sleuth, Unit, ZachXBT

Are you earning $145K? IRS postpones new catch-up contribution rule until 2026

March 22, 2024
Do You Make $145K? The IRS Has Delayed New Catch-Up Contribution Rule Until 2026

The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 … Read more

Categories Finance Tags 145K, catchup, contribution, earning, IRS, postpones, rule
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