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Law firm Baker McKenzie drops lawsuit against IRS over partnership tax crackdown
Reuters· 4 hours agoInternational law firm Baker McKenzie has dropped its lawsuit seeking to force the Internal Revenue...
Hundreds wait in long lines at IRS offices in Detroit to verify IDs and get tax refunds
Detroit Free Press via Yahoo Finance· 1 day agoMany people are now stressed out over their taxes, even though the IRS had a fairly good season, as...
IRS Presses Appeals Court to Sustain Levy on Tax Scheme Promoter
Bloomberg Law· 7 hours agoThe IRS properly denied an ex-accountant’s challenge to its proposed levy after he and his wife failed to give evidence of the losses they claim offset their tax& ...
Tax Strategies And Schemes To Avoid Taxes At IRS Forefront | JD Supra
JD Supra· 17 hours agoOn 4/11/24, the IRS wrapped up its 2024 Dirty Dozen List with a “warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore ...
HILL TAX BRIEF: IRS Crackdown on Rich Non-Filers Brings Anxiety
Bloomberg Law· 14 hours agoWealthy taxpayers are racing to file tax returns before the IRS comes knocking.
Kokua Line: Why is IRS freezing so many tax refunds?
Honolulu Star-Advertiser· 1 day agoThousands of dubious income tax returns claiming the Fuel Tax Credit, the Sick and Family Leave Credit or Household Employment taxes have been filed,...
Three tax refunds that are raising alarms with IRS
Newsweek· 4 days agoThe IRS is warning taxpayers they may need to amend their returns if they filed for three specific tax credits. Many Americans may have fallen victim to...
IRS PLR: Extension of Time Granted to Elect to be Classified as a Partnership (IRC §7701)
Bloomberg Law· 10 hours agoThe IRS has published a private letter ruling on Treasury Regulations Section 301.9100 and Section 301.7701 regarding extensions of time to make an election to be classified ...
Inflation Reduction Act Domestic Content Bonus Update: IRS Issues Updated Guidance with New Elective...
The National Law Review· 7 hours agoOn May 16, 2024, the IRS released Notice 2024-41 (the “Notice”), modifying its preliminary guidance...
IRS warns thousands of taxpayers they could face jail time
Newsweek· 6 days agoThe IRS is warning that thousands of taxpayers may be facing jail time if they're found to have...