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IRS Heeds Call to Investigate Misuse of Puerto Rican Residency Tax Benefits | JD Supra
JD Supra· 3 days agoThe IRS is devoting greater resources to investigating and auditing wealthy Americans who have taken advantage of Puerto Rico’s lucrative tax benefits. The IRS< ...
New Jersey Tax Preparer Sentenced 57-Months for Gambling Fraud
Covers.com· 12 hours agoOmar Khater of Fairfield, New Jersey was charged for using stolen identities to falsely declare...
IRS warns Kansas seniors about government official scams
KOAM· 2 days agoThe Internal Revenue Service (IRS) is warning people about a new scam. According to the IRS, the...
Fact Check: About Those $8,700 Stimulus Checks the IRS Is Supposedly Issuing to Qualifying Americans
Snopes· 3 days agoIn June 2024, Google's trending searches list displayed an enticing search string reading, "irs...
What’s Next for International Reporting Post-Farhy? | JD Supra
JD Supra· 16 hours agoLast April, in Farhy v. Commissioner, the Tax Court held that the IRS did not actually have authority to assess penalties under IRC § 6038. The result was devastating for ...
Did you pay your 2023 taxes on time? IRS says some people didn't when they actually did
Gannett via AOL· 3 days agoImagine opening a letter from the IRS in early June that says you owe $6,000 for your federal income...
Pants on Fire: Claims that Hunter Biden trial was a cover up
Politifact· 6 hours agoHunter Biden was convicted June 11 of three federal felony gun charges in a Delaware courtroom,...
Former IRS employee indicted for $200K in fraudulent tax returns in Kansas City
KCTV 5 Kansas City· 2 days agoA former IRS employee from Grandview, Mo., has been federally indicted for more than $200,000 in...
IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments | JD Supra
JD Supra· 2 days agoAccordingly, the PLR concludes that those C-PACE assessments will be permitted assets for a REMIC. The PLR is consistent with prior statements from the IRS regarding the treatment of special assessments as debt.
Be Ready For IRS Audits, Bizav Expert Advises
Aviation Week· 1 day agoFlights that do not meet the standard of a qualified business use could make an aircraft ineligible for bonus depreciation.