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With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 15 hours agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
The IRS says audits are about to surge — here’s who’s most at risk
New York Post· 4 days agoFor complex partnerships with assets topping $10 million, the IRS said it intends to increase audit...
Some NC taxpayers can get a share of $29M from IRS, but deadline is soon. How to claim
Charlotte Observer· 5 hours agoHow to file a 2020 tax return If you have yet to file a 2020 tax return, here are some options from...
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
WSOC-TV Charlotte· 5 days agoThe study said the IRS disproportionately audited people who claim the Earned Income Tax Credit,...
Avoiding IRS Art Donation Audits Requires an Up-Front Checklist
Bloomberg Law· 13 hours agoArt may be in the eye of the beholder, but art valuation for tax purposes is in the eye of the IRS. Improper deductions based on inflated art valuations ...
Optima Tax Relief Bolsters IRS-Sponsored VITA Program Throughout the Community
Digital Journal· 6 days agoThis grant program aims to empower individuals and families by providing free tax preparation services to those with moderate incomes, as well as senior ...
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements | JD...
JD Supra· 6 days agoCryptocurrency has revolutionized the financial markets but also created tax traps for the unwary investor. Building on proposed regulations issued last year, the
Former operator of ambulance service found guilty of withholding taxes, obstructing IRS - WV...
WV MetroNews· 4 days agoA federal jury in Beckley, West Virginia convicted Christopher Jason Smyth this week. ...and part of...
GoLocalProv | Sports | Sports Team Owners Face New Scrutiny FromIRS Over Tax Avoidance
GoLocalProv· 4 days agoThe IRS has launched a campaign to examine whether wealthy taxpayers are violating the law when...
IRS Clarifies SECURE 2.0 W-2 Changes | PLANADVISER
PLANADVISER· 1 day agoThe releases clarify...affected and how major disaster distributions are to be documented. On May 2, the IRS issued a release explaining how SECURE 2.0 provisions could alter ...