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Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 5 days agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
ACP Funds Will Expire By the End of May. These Low-Income Options Can Help
CNET· 5 hours agoWhile Congress has been making last-ditch efforts this month to extend the Affordable Connectivity...
Microcaptive Promoter Celia Clark Settles IRS Promoter Penalties
Forbes· 6 days agoAs related in that article, the IRS assessed Clark with $11 million in penalties, Clark paid a...
IRS Updated Streamlined Filing Compliance Procedures | JD Supra
JD Supra· 4 days agoWhat do you need to know about the IRS updated Streamlined Filing Compliance Procedures or "Streamlined Procedures?" Are you concerned about unreported or under-reported offshore ...
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 ...
IRS Distributes New Ruling Requirements for Corporate Spin-Off Transactions | JD Supra
JD Supra· 5 days agoEarlier this month, the IRS released Revenue Procedure 2024-24, which sets forth new requirements for requests for private letter rulings ("PLRs") on corporate spin-off and ...
Is it too late to get tax relief?
CBS News· 3 days agoTax season has come and passed but, for many, the burden of owing taxes is still a concern. While most Americans receive tax refunds, there are millions...
IRS PLR: Extension Request to Change Accounting Period Denied (IRC §442)
Bloomberg Law· 5 days agoThe IRS has published a private letter ruling on Section 442 and Treasury Regulation Section 301.9100 regarding the extension of time to request a change in the applicable accounting period. ...
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...
IRS Racial Audit Disparities Need Accountability to Be Resolved
Bloomberg Law· 5 days agoThe IRS finally acknowledged this month what Stanford’s Institute for Economic Policy research uncovered in 2023: Racial disparities in taxpayer audit rates have negatively ...