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IRS PLR: ‘Portability’ Election Extension Granted to Allow Surviving Spouse to Use Decedent’s...
Bloomberg Law· 8 hours agoThe IRS has published a private letter ruling on Section 2010, and Treasury Regulations Section 301.9100, regarding the unified credit against estate tax. [PLR 202424014]
IRS warns taxpayers about paying massive penalties
Newsweek· 4 days agoThe Internal Revenue Service (IRS) has issued a stark reminder to taxpayers who missed their April deadline that they could face severe penalties if they...
New Employee Retention Credit Details Expected Soon, IRS says
Bloomberg Law· 8 hours agoThe IRS is planning to release additional analysis on claims made as part of its pandemic-era employee retention credit program that’s been paused since last year, a top agency ...
IRS Seeks In-Person Interviews For Failure To File A 2011 Form 5471
Forbes· 2 days agoTaxpayers with foreign assets often have international information return filing requirements. In...
IRS issues deadline warning to millions
Newsweek· 4 days agoThe Internal Revenue Service (IRS) has issued a reminder to taxpayers regarding a tax payment deadline this month. On June 17, second quarter estimated...
You paid your 2023 taxes. Why is the IRS saying you didn't?
USA TODAY via Yahoo Finance· 3 days agoImagine opening a letter from the IRS in early June that says you owe $6,000 in federal income taxes...
IRS PLR: Extension Granted for S Corporation Subsidiaries to Elect to Be Qualified Subsidiaries (IRC...
Bloomberg Law· 10 hours agoThe IRS has published a private letter ruling on Section 1361 and Treasury Regulation Section 301.9100 granting an S corporation an extension of time to file elections on behalf of ...
Understanding IRS Form 56: A Guide For Taxpayers And Fiduciaries
Forbes· 4 days agoIRS Form 56 is a pivotal document in tax and financial regulations. Officially titled, “Notice...
Most IRS buildings operating at less than 50% occupancy
The Washington Times· 4 days agoA majority of the IRS’s office buildings are running at less than 50% capacity, the tax agency’s...
Did you pay your 2023 taxes on time? IRS says some people didn't when they actually did
Gannett via AOL· 3 days agoImagine opening a letter from the IRS in early June that says you owe $6,000 for your federal income...