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Mixed Opinions on Penalty Relief for Corporate AMT Taxpayers | JD Supra
JD Supra· 1 day agoOn April 15, the IRS released Notice 2024-33 (the “Notice”), offering limited relief from tax penalties for underpaying estimated income ...
Perfect Tax Relief Leverages AI to Help Clients to Get Taxes Back on Track
Digital Journal· 6 days agoPerfect Tax Relief's suite of services include wage garnishments, bank account levies, tax audits, tax preparation ...
IRS Eliminates 2024 RMDs for IRA Beneficiaries
Time Magazine· 3 days agoIRA beneficiaries take note: On April 16, 2024, the Internal Revenue Service (IRS) released new tax guidance under Notice 2024-35 exempting individual...
Will the IRS’s Free Direct File Option Be Back Again in 2025?
The State· 7 days agoDuring the 2024 tax filing season, the IRS says more than 140,000 Americans filed for free using the tool. During the 2024 tax filing ...
COVID relief fraudster sentenced to 34 months in prison
Tribune via AOL· 13 hours agoMay 29—David Dodge, 42, formerly of Derry, was sentenced Wednesday in federal court to 34 months in prison and 3 years of supervised release for submitting roughly three dozen fraudulent applications ...
IRS Foreign Trust Reporting Plan Offers Rare Chance to Influence
Bloomberg Law· 2 days agoTaxpayers and their advisers have a rare chance to influence how the IRS should regulate foreign trusts and large foreign gifts, and they shouldn’t let that chance go to waste ...
Federal Tax Law Group Streamlines Tax Resolution with Implementation of AI and Data Analytics
Digital Journal· 7 days agoThe use of artificial intelligence will support the services offered by Federal Tax Law Group, which include assistance with unfiled tax returns,
... and Knew Expenses Were Not Deductible, No Eligibility for Additional Innocent Spouse Relief...
Bloomberg Law· 7 days agoRequesting Petitioner was not eligible for further relief from joint and several liability under I.R.C. §6015(f) after the IRS granted proportionate < ...
US and allies arrest alleged cybercrime ringleader, seize millions in sports cars in major Covid-19...
7 News Boston· 2 hours agoThe Chinese man, YunHe Wang, is accused of helping assemble a vast network of infected computers,...
Section 871(m) and BEAT Qualified Derivative Payment Reporting Phase-Ins Extended Two More Years |...
JD Supra· 6 days agoOn May 22, 2024, the US Department of Treasury and the IRS issued two important notices—one delaying the full implementation of the withholding rules on dividend equivalent ...
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