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Treasury Department and IRS Target Partnership Basis-Shifting Transactions | JD Supra
JD Supra· 20 hours agoOn June 17, 2024, the Treasury Department launched “a new regulatory initiative to close a major tax loophole exploited by large, complex...
IRS Enters Next Stage of Employee Retention Credit Work; Review Indicates Vast Majority Show Risk of...
Sierra Sun Times· 14 hours ago“The completion of this review provided the IRS with new insight into risky Employee Retention...
NIL Collectives: Don’t Be Blindsided by an IRS Challenge | JD Supra
JD Supra· 20 hours agoIf the IRS challenges the tax-exempt status of a name, image, and likeness (NIL) collective, the collective must understand how best to respond. Since the National Collegiate Athletic Association ...
Julie Chrisley’s Sentence Vacated as Appeals Court Orders Resentencing
KPVI· 2 days agoChrisley Knows Best alum Julie Chrisley might end up out of prison earlier than expected after an...
IRS says 'vast majority' of 1M pandemic-era credit claims show a risk of being improper
The Post and Courier· 4 days agoThe Internal Revenue Service said June 20 that a review of 1 million claims for the "Employee...
IRS gives guidance for domestic violence victims
WCYB NBC 5· 4 days agoThe Internal Revenue Service has some new guidance for people who may want to prematurely pull from their retirement accounts.
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 6 days agoThe Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) announced the latest chapter in the long-trumpeted enforcement initiative ...
Maybe the IRS will find Kari Lake as taxing as we do
The Arizona Republic· 3 days agoThe Internal Revenue Service is quite specific in describing the limitations of 501(c)(3) organizations, saying, “Under the Internal ...
Retirement Plan Distributions: IRS Provides Guidance on Certain Exceptions from 10% Additional Tax...
Sierra Sun Times· 4 days agoWASHINGTON – The Internal Revenue Service has issued Notice 2024-55PDF, which provides guidance on...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims may be improper
Market Watch· 4 days agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority ...