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Tag: IRS

Tax

The IRS Confirms that Daily Fantasy Sports are Gambling

The IRS has determined that daily fantasy sports are games of chance, not games of skill. Consequently, entry fees represent wagers, and are deductible under Section 165(d). This decision will …

Tax

IRS Adds QR Codes to Key Balance Due Notices

For the first time, the IRS is adding barcode technology to notices sent to millions of taxpayers. Starting this month, the CP14 and CP14 IA notices that inform taxpayers that …

Accounting / Tax

IRS Extends Economic Impact Payment Deadline to November 21

From irs.gov: The Internal Revenue Service announced that the deadline to register for an Economic Impact Payment (EIP) is now November 21, 2020. This new date will provide an additional …

Tax

Millions of taxpayers receive a tax refund interest payment

In mid-August interest payments were sent to nearly 14 million individual taxpayers. People who got these payments filed their 2019 federal income tax returns by the July 15 deadline and …

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