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Employer group asks the IRS to ease health paperwork
BenefitsPRO· 2 days agoThe large-employer group put two health plan reporting change proposals on a wish list it sent the IRS last week. Another would let employers send...
Tax Court: IRS Must Adhere to BBA Regulations' Plain Language | JD Supra
JD Supra· 4 days agoNo. 10 (2024), that the petitioning partnership had properly elected into the Bipartisan Budget Act of 2015 (BBA)1 procedures for the year in issue. As a result, the Notice of Final Partnership ...
Wash-sale rule: What is it, examples, and penalties
TheStreet via Yahoo Finance· 4 days agoWhether stock or securities are “substantially identical” depends on all the facts and circumstances of your particular case. The wash sale rule doesn’t...
JD Supra: Treasury Department and IRS Issue Final Regulations Regarding the Transferability of Tax...
JD Supra· 1 day agoThe registration portal for transferring tax credits is open, and no significant changes have been made to the registration process. Treasury and the IRS reject relief from ...
Treasury Department, IRS Issue Section 45Z Clean Fuel PTC Registration Guidance | JD Supra
JD Supra· 3 days agoThe U.S. Department of the Treasury and IRS released Notice 2024-49 on May 31, 2024, regarding the registration requirement and certain other limited guidance under Section ...
U.S. Tax: 4 Tips For Americans Receiving A Foreign Inheritance
Forbes· 4 days agoIn the usual case, the inheritance is a true windfall and is not taxed by the U.S. An inheritance is...
Is Private Placement Life Insurance the Next IRS Tax Enforcement Target? | The Legal Intelligencer
Law.com· 3 days agoAug. 16, 2022, President Joe Biden signed the Inflation Reduction Act (IRA) into law, which...
The Different HSA Withdrawal Rules Explained
247wallst.com· 6 days agoWithdrawals from health savings accounts (HSAs) are tax-free as long as these funds cover qualified medical expenses, as defined by the IRS. One of the...
Free direct filing of federal taxes may be offered soon throughout the U.S.
Ohio Capital Journal via Yahoo News· 4 days agoWASHINGTON — Taxpayers across the United States could be guaranteed a free public option to file...
EZ2290 is Now Accepting Form 2290 for 2024-25 Tax Year
Digital Journal· 4 days agoForm 2290, has announced the launch of its pre-filing service for the Tax Year 2024-25. Truck owners, fleet operators, and Tax Profs can now ensure compliance with