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IRS announces new tax relief for people in 2 States
Newsweek· 1 day agoThe Internal Revenue Service (IRS) has announced tax relief for individuals and businesses in parts of Kentucky and West Virginia affected by severe...
Former Nonprofit Unable to Sue IRS Over Revoked Tax Exemption
Bloomberg Law· 4 days agoThe US Tax Court rightfully dismissed a former nonprofit’s lawsuit seeking to resurrect its tax exempt status on the basis that it was ...
IRS Plans More Nonprofit Hospital Audits as Scrutiny Heats Up
Bloomberg Law· 2 days agoThe IRS will audit dozens of tax-exempt hospitals this year, a top agency official said. The exams come amid continued criticism of nonprofit ...
Week in Insights: R&D Tax Credit Policy Can Shape AI Progress
Bloomberg Law· 4 hours agoTax policy has played a critical role in several recent technological advancements—from the sourcing and development of electric vehicle batteries to the location of data ...
6 Things To Do Now If You Have More Than $5,000 in Your Checking Account
GOBankingRates via Yahoo Finance· 1 hour agoA recent GOBankingRates survey shows that 9 out of 10 people possess checking accounts. But despite...
IRS: Many train derailment payments are tax-free
WKBN 27 Youngstown· 4 days agoOhio Senator Sherrod Brown announced Wednesday that most reimbursements that Ohioans received from Norfolk Southern related to the East Palestine train...
41 States That Won’t Tax Social Security Benefits in 2024
GOBankingRates via Yahoo Finance· 3 days agoRoughly one in seven U.S.-based retirement-aged folks rely on Social Security for nearly all their...
East Palestine residents won’t have to pay taxes on some Norfolk Southern payments, IRS says
The Cleveland Plain Dealer· 4 days agoEast Palestine residents won’t pay taxes on most of the payments they received from Norfolk Southern...
Valley Children’s gets millions in tax breaks. Does it give back enough?
The Fresno Bee· 5 days agoValley Children’s Hospital, the largest pediatric hospital in Central California, reinvested the lowest amount of money into its region when compared to the nation’s other largest nonprofit ...
JD Supra: IRS Issues Final Regulations on Tax Credit Transfers
JD Supra· 7 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...