Questions tagged [irs]

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Avoid potential criminal liabity in IRS "interviews"?

As I understand it, it is a crime to lie to any federal "officer" including IRS agents. People have been convicted of doing so and sent to prison. This obviously creates a serious liability for ...
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Do I need to register as a Money Service Business for a cryptocurrency trading platform?

According to the U.S. Department of Treasury FinCen: Money Service Business Definition. The term "money services business" includes; any person doing business, whether or not on a regular basis or ...
Digital fire's user avatar
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What can be reported on Schedule 1 (1040) Line 24z?

Schedule 1 of the 1040 U.S. individual income tax return for tax year 2022 has a line in part II, 24z, which says only "Other adjustments. List type and amount". The instructions for that ...
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Advanced Child Tax Credit Credit "Safe Harbor" or "Repayment protection"

The "American Rescue Plan" was passed as law and provided for advanced payment of Child Tax Credits. Normally, an overpayment would have to be returned to the IRS, but the law provides a &...
Reinstate Monica's user avatar