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IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
Politico via Yahoo Finance· 5 days agoAbout 10 percent to 20 percent of the 1 million claims show “clear signs of being erroneous,” and...
Tax Court Backs IRS Appeals in Dispute Over Collection Hearing
Bloomberg Law· 19 hours agoIRS Appeals didn’t abuse its discretion by upholding the agency’s proposed collection action where the petitioning taxpayer already had a chance to challenge their underlying ...
IRS Finalizes Guidance on Partnerships’ Conservation Easements
Bloomberg Law· 1 day agoThe IRS on Monday issued final guidance on an amendment to the US tax code limiting partnerships’ ability to take a tax deduction for charitable contributions of conservation ...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press· 5 days agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
IRS Notice: Chemical Superfund Excise Tax List Modified to Include Polyoxymethylene (IRC §4672)
Bloomberg Law· 22 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 ...
COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 5 days agoThe IRS recently unveiled plans to make its Direct File program permanent and expand it to more...
IRS adds another state to Direct File, as House Republicans seek to defund it
Federal News Network· 7 days agoThe IRS is recruiting another state to participate in its Direct File platform, which lets...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
WATE 6 Knoxville· 5 days agoNEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the...
Pushing for some low-risk processing
Politico· 1 day agoWHERE DO YOU GO FROM HERE? The IRS said last week that it was keeping its current moratorium on processing new claims for the Employee Retention Credit, arguing that the vast ...
IRS Notice: Inflation Adjustment Factors, Applicable Amounts for Credit for Production of Clean...
Bloomberg Law· 22 hours agoInflation adjustment factors and applicable amounts for the credit for production of clean hydrogen under I.R.C. §45V for calendar years 2023 and 2024, the IRS released. [Notice 2024-45, 2024-26 I.R.B. ...
