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IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 14 hours agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 12 hours agoThe Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) announced the latest chapter in the long-trumpeted enforcement initiative aimed at large ...
IRS to target wealthy’s use of loophole: ‘Billions are at stake here’
The Patriot-News· 10 hours agoThe IRS plans on targeting a loophole used by wealthy Americans and corporations to avoid paying...
IRS adds another state to Direct File, as House Republicans seek to defund it
Federal News Network· 21 hours agoThe IRS is recruiting another state to participate in its Direct File platform, which lets...
What is the “Abusive Use of Partnerships” and Why does the IRS Care? | JD Supra
JD Supra· 12 hours agoWhat is now considered as the “abusive use of partnerships,” and why would this matter to the IRS? The agency recently released IR-2024-166, which is intended to provide “ ...
IRS Issues Basis Shifting Guidance for Partnerships, Proposes Reporting Requirements | JD Supra
JD Supra· 12 hours agoThe Internal Revenue Service (IRS) and U.S. Department of Treasury recently issued guidance to curtail what they consider abusive basis shifting by related-party partners ...
IRS Should Embrace Remote-First Culture to Recruit Top Talent
Bloomberg Law· 1 day agoIt’s time for the IRS to consider a remote-first work model to enhance efficiency and attract top talent. The Covid-19 pandemic accelerated the shift to remote work—and it ...
IRS advance child tax credits from 2021 not returning in 2024 | Fact check
USA Today· 2 days agoA June 9 Facebook post (direct link, archive link) claims children will receive hundreds of dollars...
IRS/Tax Whistleblower Guide | JD Supra
JD Supra· 2 days agoAnyone who has obtained evidence that a person or company is committing tax fraud or evasion can become a whistleblower by reporting it to the Internal Revenue Service (IRS
IRS hit a ‘big milestone’ to wean itself off paper. What comes next?
Federal News Network· 2 days agoThe IRS is taking major strides to wean itself off paper. The agency’s Document Upload Tool is...