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IRS Notice: Chemical Superfund Excise Tax List Modified to Include Polyoxymethylene (IRC §4672)
Bloomberg Law· 4 hours agoList of taxable substances subject to excise tax is modified to include polyoxymethylene, the IRS announced. Effective for tax purposes on Oct. 1, 2024. Effective for refund claims purposes under ...
Bank Sues for $6.7 Million Tax Refund on Net Operating Losses
Bloomberg Law· 5 hours agoGrandpoint Capital Inc., the holding company of a California bank it acquired, is seeking a $6.7 million tax refund over net operating loss carrybacks it says the
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 4 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...
How To Litigate ERC Refund Claims
Forbes· 4 days agohis article discussed what suing the IRS for ERC refunds would involve and how much it would cost.
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 4 days agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era...
IRS says it will deny most claims of pandemic tax credit for employers
Washington Post· 4 days agoThe IRS said Thursday that it plans to deny the vast majority of claims for the Employee Retention...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 6 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 4 days agoAs of November 2023, more than 2.6 million source documents needed processing — a 241 percent...
IRS warns against scams targeting; joins other federal agencies to recognize special awareness day
The Post and Courier· 4 days agoScammers frequently fabricate urgent scenarios, such as outstanding debts or promises of significant prize winnings. Victims may be falsely informed that they owe the IRS ...
IRS Nixes Two Requirements for Research Credit Refund Claims
Bloomberg Law· 6 days agoThe IRS is waiving two requirements that taxpayers submit certain information with their research credit refund claim, the agency said Tuesday. Taxpayers ...