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IRS News Release: Document Upload Tool Reaches Key Milestone, One Million Taxpayer Submissions
Bloomberg Law· 28 minutes agoIRS’s Document Upload Tool has accepted its one millionth taxpayer submission, the IRS announced. Initially launched in 2021 in a limited format and greatly expanded in 2023 with funding from ...
House GOP propose defunding IRS Direct File, further budget cuts to enforcement
Federal News Network· 2 hours agoHouse Republicans propose defunding the IRS’ Direct File platform, which allows households to file...
JD Supra: Treasury and the IRS Finalize Section 897 ‘Domestically Controlled’ Look-Through Rule
JD Supra· 56 minutes agoOn April 24, the Internal Revenue Service (IRS) issued final regulations (Final Regulations) regarding Section 897. In December 2022, the IRS issued proposed ...
IRS Reaches 1 Million Submissions With Document Upload Tool
Bloomberg Law· 2 hours agoThe IRS tool that allows taxpayers and tax professionals to respond to notices electronically hit 1 million submissions and continues to grow, the agency said Wednesday. Users ...
IRS to offer Direct File as permanent option - Gazette Journal
Gloucester-Mathews Gazette-Journal· 2 hours agoThe agency is exploring ways to expand Direct File to make more taxpayers eligible in the 2025 filing season and beyond by examining options to broaden Direct File’s availability across the ...
Former Nonprofit Unable to Sue IRS Over Revoked Tax Exemption
Bloomberg Law· 28 minutes agoThe US Tax Court rightfully dismissed a former nonprofit’s lawsuit seeking to resurrect its tax exempt status on the basis that it was a suspended corporation at the time it sued the IRS, the Ninth Circuit said Wednesday.
IRS ‘Tricks Designers’ With Rules for Green Buildings, Firm Says
Bloomberg Law· 2 hours agoA New York designer of energy-efficient buildings told a federal appeals court that it relied on IRS guidance to claim a tax credit for its work, and that IRS< ...
JD Supra: Treasury Department and IRS Issue Final Regulations Regarding the Transferability of Tax...
JD Supra· 3 hours agoThe registration portal for transferring tax credits is open, and no significant changes have been made to the registration process. Treasury and the IRS reject relief from ...
IRS Seeks Publisher Papers in Kentucky Newspaper Tax Examination
Bloomberg Law· 4 hours agoThe IRS petitioned a federal court to enforce its summons against the publisher of a local weekly newspaper in Harrodsburg, Ky., as part of its investigation into the paper ...
SECURE 2.0 'clarity' needed: Trade group asks IRS for guidance on key 401(k) provisions
BenefitsPRO· 5 hours agoJames Gelfand, president and CEO or ERIC, released the letter on behalf of large employer member...
