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IRS Extends Phase-in Period for Dividend Equivalents Rule
Bloomberg Law· 4 days agoThe IRS extended transition relief for dividend equivalents for two more years in new guidance.
IRA Heirs Can Delay RMDs Another Year, But Should They?
Forbes· 6 days agoThe IRS recently announced that in 2024, for the fourth consecutive year, IRA beneficiaries don’t...
I Want to Give Money to My Daughter and Her Husband. How Much Can I Give Without Triggering Taxes?
MSN News· 22 hours agoPerhaps your daughter recently got married and you want to help her and her husband start their new...
IRS Payment Plan vs. Personal Loan: Which Should You Use to Pay Your Tax Bill?
Newsweek· 3 days agoVault’s Viewpoint on the IRS Payment Plan vs. Personal Loan An IRS payment plan allows you to pay...
IRS Extends Post-Death RMD Relief Under the 10-Year Rule for 2024 Distributions | JD Supra
JD Supra· 5 days agoThe Internal Revenue Service (IRS) recently extended relief with respect to certain post-death required minimum distributions (RMDs) under Internal Revenue Code Section 401 ...
Crypto Broker Reporting Regulations Should Avoid Mismatch Risk
Bloomberg Law· 5 days agoThe IRS’s April 19 release of the draft Form 1099-DA—which will be used to report certain sales and exchanges of digital assets on or after Jan. 1, 2025—may indicate that ...
IRS agent testifies about ‘peculiar’ names in food distribution sites in Feeding Our Future trial
Minneapolis-St. Paul Star Tribune· 5 days agoThree children all named "John Doe" allegedly received free food. None of those names matched the...
IRS PLR: Extension of Time to Make Disregarded Entity Election Granted (IRC §7701)
Bloomberg Law· 2 days 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 ...
A 50-year-old man used an obscure IRS rule to withdraw $20K a year from his retirement savings —...
AOL· 22 hours agoWhen Eric Cooper, a 50-year-old early retiree, needed to tap his retirement savings before the age of 59 and a half, he faced the possibility of steep penalties. By leveraging this rule, Cooper ...
Law firm Baker McKenzie drops lawsuit against IRS over partnership tax crackdown
Reuters· 6 days agoInternational law firm Baker McKenzie has dropped its lawsuit seeking to force the Internal Revenue...