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IRS evaluating future of free pilot program that helped over 4,000 Nevadans file taxes
KTNV Las Vegas· 6 days agoShortly after that, the IRS looked at ways to create a direct e-filing option. The program was...
D.C. Court of Appeals Strengthens IRS’ Ability to Collect Penalties for Not Reporting Foreign...
JD Supra· 1 day agoThe United States Court of Appeals for the D.C. Circuit issued a ruling overturning a Tax Court decision that had created doubt as to the manner in which the IRS may collect ...
Conquering Tax Season: How Technology can Streamline Filing and Return Delivery in 2024
International Accounting Bulletin via Yahoo Finance· 20 hours agoWith more than 46,000 CPA firms in the U.S. facing another season of tight deadlines, grappling with...
Treasury Issues New Proposed Regulations On Foreign Trusts And Gifts
Forbes· 1 day agoIn many of these arrangements, U.S. taxpayers successfully concealed property (and corresponding...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 2 days agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
Tax990 Simplifies 990-PF Filling For Private Foundations
Digital Journal· 3 days agoROCK HILL, SC / ACCESSWIRE / May 6, 2024 / As the May 15, 2024 deadline for filing 990 series tax returns approaches, nonprofit organizations operating on a calendar tax year across the nation ...
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 2 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 29, 2024 – May 3, 2024. April...
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 1 day agoOn April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election ...
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 6 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...
House and Senate DFL to battle over progressive tax provisions
Minnesota Reformer via Yahoo News· 3 days agoThe Minnesota House passed a tax bill on Friday that includes a slew of tax changes: large...