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Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 6 hours 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...
IRS Announces Application Process for $6 Billion Allocation of Clean Energy Manufacturing and...
JD Supra· 6 days agoOn April 29, 2024, the IRS and the Department of Energy (DOE) announced the process by which they will accept and process applications on round two of the ...
May 15th Is Just Two Weeks Away! Tax990 Offers A Simple Solution For Nonprofits To Meet The Form 990...
Digital Journal· 6 days agoMay 15, 2024, is the due date for nonprofits operating on the calendar tax year to e-file their 990 returns. This is also the extended 990 filing deadline ...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability of Tax Credits...
JD Supra· 2 days agoThe registration portal for transferring tax credits is open, and no significant changes have been made to the registration process. Treasury and the IRS reject relief from ...
IRS Publishes Proposed Regulations on Stock Buyback Excise Tax | JD Supra
JD Supra· 7 days agoOn April 12, 2024, the US Department of the Treasury and the IRS published proposed regulations (89 FR 25980 and 89 FR 25829, the “Proposed Regulations”) on the application ...
Last Minute Reminder: Filing Deadline For Most Tax-Exempt Organizations Is May 15
Forbes· 6 days agoWhile tax season is over for many taxpayers (except those of us still on extension), tax-exempt...
Monetizing Renewable Credits Part II - Final Regulations on Transfers of Renewable Credits | JD...
JD Supra· 6 days agoThe final regulations under § 6418 were issued approximately seven weeks after the final regulations under § 6417, relating to direct pay. Both sets of final regulations provide important guidance ...
New Guidance from the Treasury Department on 1% Corporate Stock Buyback Tax | JD Supra
JD Supra· 2 days agoThe Situation: On April 9, 2024, the U.S. Treasury Department ("Treasury") issued proposed regulations (which can be found here) and reporting requirements (which can be found here) providing ...
Benefits Monthly Minute - April 2024 | JD Supra
JD Supra· 7 days agoA Pennsylvania district court recently quashed a request by the ex-wife of an employee to garnish funds from her husband’s 401(k) account. In Burns v. Cooper (E.D. Pa. 2024 ...
Treasury Issues Final Regulations Addressing “Domestically Controlled” REIT Status | JD Supra
JD Supra· 5 days agoOn April 25, 2024, the IRS and Treasury issued final regulations (the “Final Regulations”) addressing whether a real estate investment trust (a “REIT”) or a regulated investment ...
