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IRS can tax death benefits used to purchase stocks, high court rules
Courthouse News Service· 22 hours agoThe government can claim more in estate taxes from certain stock handoffs after a shareholder dies...
IRS Can Deny Charitable Tax Deductions When You Get Something Back
Forbes· 4 days agoDonations to charity are supposed to be motivated by generosity, not to benefit in a business deal in which you get something in return. How does the IRS determine if a purported ...
IRS News Release: Payments Received by Common Carrier for Last Year’s Ohio Train Derailment Are Not...
Bloomberg Law· 1 day agoIn many cases, payments received by individuals affected by last year’s train derailment in East Palestine, Ohio, are not taxable, the IRS announced. In Notice 2024-46, posted ...
IRS Reaches 1 Million Submissions With Document Upload Tool
Bloomberg Law· 1 day agoThe IRS tool that allows taxpayers and tax professionals to respond to notices electronically hit 1 million submissions and continues to grow, the agency said Wednesday. Users ...
IRS: Many train derailment payments are tax-free
WKBN 27 Youngstown· 1 day agoOhio Senator Sherrod Brown announced Wednesday that most reimbursements that Ohioans received from Norfolk Southern related to the East Palestine train...
IRS decides people who got money from Norfolk Southern after Ohio derailment won’t be taxed on it
The Nashua Telegraph· 22 hours agoSIGN UP TO CONTINUEPrint Subscriber? Sign Up for Full Access!Please sign up for as low as 36 cents...
IRS makes free tax return program permanent; calls for nationwide adoption by 2025
WBUR Boston· 7 days agoThe IRS said Thursday it will make the free electronic tax return filing system it experimented with...
IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it
Erie News Now Plus· 1 day agoBy JOSH FUNKAP Business Writer
IRS agent finds no tax-related fraud ties to identity theft ring at Forsyth County Detention Center,...
WXII-TV Winston-Salem· 1 day agoThe fraud investigation first came to light back in January.
IRS is keeping free tax filing program it tested this year and wants more states on board
OregonLive.com· 7 days agoThe IRS said Thursday it will make permanent the free electronic tax return filing system that it...