Ferdous Sikder CPA PLLC

When you need a copy of a previous tax return, it doesn't have to be complicated to get one. Your Online Account is the fastest, easiest way to get a copy of your tax transcript. Our latest tip explains all the ways you can request a copy.

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Taxpayer's frivolous argument is once again denied The Tax Court imposes a $25,000 frivolous-position penalty for persistent omission of wage and rental income.

The doesn’t initiate contact with taxpayers by email, text message or through social media to request personal or financial information. Don’t reply or open any links. Report these scams to the IRS for your : www.irs.gov/phishing

Deduction for theft loss and legal fees denied The taxpayer failed to substantiate that a theft occurred or, if it did, its tax year of discovery for his investments in an alleged Ponzi scheme.

With the “Where’s My Refund?” tool, you can start checking on the status of your tax refund within 24 hours of e-filing your return. See: www.irs.gov/refunds

Basis-shifting transaction-of-interest regulations to be removed The announcement by Treasury and the IRS is a reversal from January regulations. Thursday’s notice provides immediate relief from penalties under Secs. 6707A(a), 6707(a), and 6708 for any failure by participants or material advisers to file disclosure statements required by the regulations.

ENDING TODAY: A tax filing extension through Free File can give you six additional months to file – free of cost. The extension gives taxpayers a new deadline of Oct. 15, 2025.

Learn more: https://ow.ly/leoZ50VpVCL

The grants tax relief to severe storm victims in Tennessee. Taxpayers in affected areas now have until Nov. 3, 2025 to file various returns and make payments. Learn more: https://ow.ly/zR4m50VA6p9

IRS offers 3 voluntary separation programs as RIF gains steam The programs include one open to the workers with the most seniority and a renewal of the previous deferred resignation program.