Search results
IRS Rev. Rul.: Economic Substance Doctrine for Partnership Related-Party Basis Adjustments (IRC...
Bloomberg Law· 2 hours agoUsing three example situations, Taxpayers are advised of the IRS’s position challenging certain partnership related-party transactions under the codified economic substance ...
IRS News Release: New IRS Team Established, New Guidance Issued to Stop Partnerships From Using...
Bloomberg Law· 3 hours agoA new dedicated group in the IRS Office of Chief Counsel is being established to specifically focus on combating the abusive use of partnerships, the IRS announced. The office will ...
Should You Handle Your Own IRS Tax Audit Or Hire A CPA Or Lawyer?
Forbes· 12 hours agoFor one thing, if you are having direct communications with the IRS (or state tax agency), the...
House GOP probes whether special counsel office helped retaliate against Hunter Biden whistleblowers
Fox News· 2 hours agoEXCLUSIVE: House Republicans are investigating whether the U.S. Office of Special Counsel (OSC) has...
IRS Crackdown Takes New Aim at Partnerships’ Maneuvers
The Wall Street Journal· 4 hours agoThe agency says it can raise the money with tighter rules on deductions.
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
Atlanta Journal-Constitution· 4 hours agoWASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise...
June 17 tax deadline: Do you need to make a payment to the IRS?
The Hill via Yahoo Finance· 2 days ago(NEXSTAR) – The IRS is warning of a fast-approaching filing deadline that applies to taxpayers in a...
U.S. Treasury, IRS to close $50 bln tax loophole on partnerships
Reuters· 3 hours agoThe U.S. Treasury and Internal Revenue Service said on Monday they will close a tax loophole...
IRS Push Aims to Stop Partnership Maneuver, Raise $50 Billion
Bloomberg Law· 4 hours agoThe IRS is expanding its campaign to prevent complex partnerships from inflating tax deductions and avoiding paying what they owe, launching a new effort that the Treasury ...
JD Supra: New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs
JD Supra· 24 hours agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...