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IRS PLR: Extension of Time to Make Disregarded Entity Election Granted (IRC §7701)
Bloomberg Law· 1 day agoThe IRS has published a private letter ruling on Section 7701 regarding disregarded entity election, granting the taxpayer a 120-day extension of time to file an election under Section 301.7701-3 ...
IRS may raise jackpot withholding level to $5,800
Las Vegas Review-Journal· 5 days agoGenerally, any interaction with the Internal Revenue Service means something bad has happened. The agency never sends you a letter saying “thanks for...
IRS News Release: Correction to Solar PV Table in New Elective Safe Harbor, Domestic Content Bonus...
Bloomberg Law· 1 day agoCorrected version issued of Notice 2024-41, which was inadvertently omitted from the Solar PV Table in Table 1 – New Elective Safe Harbor, the IRS announced. Notice 2024-41 modifies ...
IRS PLR: Proposed Transactions Will Qualify as Tax-Free Reorganization (IRC §355)
Bloomberg Law· 1 day agoThe IRS has published a private letter ruling on Sections 355 and 368 regarding the status of certain proposed transactions for federal tax purposes. [PLR 202421003]
IRS PLR: ‘Portability’ Election Extension Granted (IRC §2010)
Bloomberg Law· 1 day agoThe IRS has published a private letter ruling on Section 2010 and Treasury Regulation Section 301.9100, regarding the extension of time to make a portability election for federal tax purposes. ...
IRS’s AI system to flag returns for audit may include unintended bias, report finds
FedScoop· 2 days agoThe IRS’s primary tool for flagging tax returns for audit is a “first-wave” AI system that includes...
IRS Extends Free File Tax Program Through 2029 - Slashdot
Slashdot· 2 days agoThe IRS has extended the Free File program through 2029, "continuing its partnership with a coalition of private tax software companies that allow most Americans to file federal ...
IRS extends its Free File tax program for five more years
The Verge· 2 days agoDon’t pay for tax prep if you don’t have to.
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 5 days agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
In a Oakland, California Courtroom Former IRS Revenue Officer and His Brother Among 6 Defendants...
Sierra Sun Times· 5 days agoOAKLAND, CA – Six defendants, including a former IRS revenue officer and his brother, have been...