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IRS to target wealthy’s use of loophole: ‘Billions are at stake here’
The Patriot-News· 5 hours agoThe IRS plans on targeting a loophole used by wealthy Americans and corporations to avoid paying...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 9 hours agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS adds another state to Direct File, as House Republicans seek to defund it
Federal News Network· 15 hours agoThe IRS is recruiting another state to participate in its Direct File platform, which lets...
What is the “Abusive Use of Partnerships” and Why does the IRS Care? | JD Supra
JD Supra· 7 hours agoWhat is now considered as the “abusive use of partnerships,” and why would this matter to the IRS? The agency recently released IR-2024-166, which is intended to provide “ ...
IRS warning with one day until major tax deadline
Newsweek· 3 days agoTaxpayers have only one day to file pay-as-you-go taxes with the Internal Revenue Service (IRS), with the filing deadline set for June 17. Earlier this...
IRS/Tax Whistleblower Guide | JD Supra
JD Supra· 1 day agoAnyone who has obtained evidence that a person or company is committing tax fraud or evasion can become a whistleblower by reporting it to the Internal Revenue Service (IRS
Navigating an IRS unpaid balance notice
NBC Dallas Fort Worth· 12 hours agoIf you recently received a letter saying you owe the IRS money for unpaid 2023 federal income tax and you know you paid, it may have been a glitch. On...
IRS seeks to close loophole used by ultra-wealthy
The Week via Yahoo News· 22 hours agoThe IRS said ending "partnership basis shifting," in which financial assets are shuttled through related corporate entities to avoid being taxed, could...
IRS Should Embrace Remote-First Culture to Recruit Top Talent
Bloomberg Law· 1 day agoIt’s time for the IRS to consider a remote-first work model to enhance efficiency and attract top talent. The Covid-19 pandemic accelerated the shift to remote work—and it ...
IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
The Beatrice Daily Sun· 2 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...