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JD Supra: IRS Issues Final Regulations on Tax Credit Transfers
JD Supra· 2 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...
JD Supra: Recently Issued IRS Littlejohn Victim Notices May Present Challenges for Taxpayers
JD Supra· 6 days agoAs required by law, the Internal Revenue Service (IRS) has begun issuing notification letters to victims of a former IRS contractor who illegally accessed ...
Weekly IRS Roundup May 20 – May 24, 2024
The National Law Review· 4 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 20, 2024 – May 24, 2024. May 20...
U.S. Tax: 4 Tips For Americans Receiving A Foreign Inheritance
Forbes· 2 days agotax obligations. In today’s global economy it is increasingly common for Americans whether living...
JD Supra: IRS Publishes Proposed Regulations on Stock Buyback Excise Tax
JD Supra· 4 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 ...
Wash-sale rule: What is it, examples, and penalties
TheStreet via Yahoo Finance· 1 day agoThe wash sale rule doesn’t apply to cryptocurrency trading. Wash sales are reported to the IRS on Form 8949. When you lose money on the sale of stock or...
Treasury and IRS Propose Clean Electricity Investment Guidance | JD Supra
JD Supra· 12 hours agoThe Treasury Department and IRS on Wednesday issued an eagerly awaited notice of proposed rulemaking to incentivize clean energy facilities: the “clean electricity production ...
Understanding HSA Tax Benefits, and If Contributions Are Deductible
247wallst.com· 1 day agoHealth savings accounts (HSAs) are known as some of the most tax-advantaged savings vehicles...
Studies question hospital operations on tax breaks, service to poor and underinsured
Worcester Telegram & Gazette via Yahoo News· 1 day agoWe are.” Lown’s recommendations to improve hospital transparency and accountability include...
Public Notice No. 6/2024: Tax Settlement for Credits Arising from Charter and Services Agreements |...
JD Supra· 7 days agoThe Public Notice provides for the tax settlement of debts related to discussions at the judicial and administrative levels regarding: the levy of withholding income