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IRS PLR: Failure to Identify Interest Rate Cap as Hedging Transaction Inadvertent Error (IRC §856)
Bloomberg Law· 41 minutes agoThe IRS has published a private letter ruling on Section 856 and Section 1.1221-2, regarding taxpayer’s failure to identify an interest rate cap a hedging transaction for federal tax purposes. ...
IRS update reveals how homeowners could save thousands
Newsweek· 6 hours agoThe Internal Revenue Service (IRS) is urging taxpayers to make energy-efficient updates to their...
IRS urged to probe tax-exempt groups supporting anti-Israel protests
Fox News via Yahoo News· 11 hours agoSeveral Republicans signed onto a letter calling for a number of groups to have their tax-exempt...
Kokua Line: Why is IRS questioning my identity?
Honolulu Star-Advertiser· 3 hours agoQuestion: I received an IRS inquiry form via U.S. mail. Answer: The IRS flags millions of income tax returns each year for potential identity theft, and...
IRS Highlights Most Common Tax Scams For 2024
Forbes· 14 hours agoA concise overview of the primary scams highlighted by the IRS for 2024, along with suggestions for safeguarding yourself.
On This Day, May 10: IRS apologizes for targeting Tea Party, 'patriots'
United Press International via Yahoo News· 12 hours agoFile Photo by Kevin Dietsch/UPI May 10 (UPI) -- On this...
IRS PLR: Consent Granted to Make Retroactive Qualified Electing Fund Election (IRC §1295)
Bloomberg Law· 31 minutes agoThe IRS has published a private letter ruling on Section 1295 regarding making a retroactive qualified electing fund election for federal tax purposes. [PLR 202419001]
A step-by-step guide to changing your address when you move
CNN via Yahoo News· 3 hours agoDisappearing mail can lead to frustration and even fines should you miss a piece of communication...
IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
CNBC· 23 hours agoThere is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns...
FAT Brands Chairman Andy Wiederhorn Accused of Hiding $47 Million from Federal Agents and Investors
QSR· 3 hours agoFAT Brands chairman Andy Wiederhorn has been indicted on federal charges that he allegedly concealed...