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IRS 2024 Dirty Dozen Highlights Major Tax Scams, Including Abusive Tax Schemes
The National Law Review· 4 days agoEach year, the Internal Revenue Service (IRS) releases a Dirty Dozen list highlighting twelve tax...
IRS PLR: Failure to Identify Interest Rate Cap as Hedging Transaction an Inadvertent Error (IRC...
Bloomberg Law· 9 hours agoThe IRS has published a private letter ruling on Section 856 and Treasury Regulations Section 1.1221-2 regarding the taxpayer’s failure to identify an interest rate cap as a hedging transaction ...
IRS PLR: Extension of Time Granted to Sever Trust to Exempt, Non-Exempt Trust (IRC §2632)
Bloomberg Law· 9 hours agoThe IRS has published a private letter ruling on Section 2632 and Treasury Regulation Section 301.9100 regarding extensions of time to sever a trust into an exempt and non-exempt trust ...
IRS PLR: Extension of Time Granted to Elect Not to Deduct Additional First-Year Depreciation (IRC...
Bloomberg Law· 9 hours agoThe IRS has published a private letter ruling on Section 168 and Treasury Regulation Section 301.9100 regarding extensions of time to elect not to deduct additional first-year ...
IRS boosts health savings account contribution limits for 2025
CNBC· 4 days agoThe IRS has unveiled the 2025 contribution limits for health savings accounts, which are triple-tax...
Feds could owe you nearly $1,000. Here’s what you need to do this week
WSB Cox articles via Yahoo Finance· 6 hours ago[DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The IRS estimates that more than $1...
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
KOCO 5 Oklahoma City· 8 hours agoFormer President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper ...
The Risks of an IRS Quiet Disclosure | JD Supra
JD Supra· 16 hours agoWhat are the risks of an IRS quiet disclosure? Is there a formal IRS process known as a "quiet disclosure," and does the IRS honor this ...
IRS Audit of Trump Could Cost Former President More Than $100 Million
ProPublica· 2 days agoProPublica is a nonprofit newsroom that investigates abuses of power. Former President Donald Trump...
Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
WTVD-TV 11 Raleigh-Durham· 12 hours agoFormer President Donald Trump may face an IRS bill in excess of $100 million after a government...