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How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 4 days agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
IRS PLR: Extension of Time Granted to Elect to be Classified as a Partnership (IRC §7701)
Bloomberg Law· 5 days agoThe IRS has published a private letter ruling on Treasury Regulations Section 301.9100 and Section 301.7701 regarding extensions of time to make an election to be classified ...
5 more essential rules why you never loan money to friends and family
Fox News· 2 hours agoNEWYou can now listen to Fox News articles! Amidst the escalating financial strain on Americans due...
IRS Extends Free File Partnership Program Another Five Years
Bloomberg Law· 3 days agoThe IRS will continue its partnership with tax preparation companies to provide taxpayers with an additional option to file for free for another five years. This extension ...
The 50 Best Places To Buy a Home for Under $250,000
GOBankingRates via Yahoo Finance· 2 hours ago©Shutterstock.com A family home is one of the key elements for many Americans, providing a long-term solution to their housing and a real estate...
JD Supra: Missing the Tax Court’s 90-Day Deficiency Deadline – Now What?
JD Supra· 21 hours agoOver the years, I have observed there is only one thing that a taxpayer fears more than being notified by the IRS that their income tax return for a particular taxable year ...
IRS Rev. Rul.: Private Foundation Governing Instrument Requirements (IRC §508)
Bloomberg Law· 21 hours agoObsolescence of Rev. Rul. 75-38, which identified the District of Columbia and each state with statutory provisions that, in 1975, satisfied the private foundation governing instrument requirements of I.R.C. §508(e), ...
IRS Rev. Proc.: State Laws, Identifying How Organizations Can Satisfy Requirement that Assets Be...
Bloomberg Law· 21 hours agoObsolescence of Rev. Proc. 82-2, which identified the circumstances in which an organization could satisfy Treas. Reg. §1.501(c)(3)-1(b)(4) (requiring that the assets of a I.R.C. §501(c)(3) organization be dedicated to ...
Kokua Line: Why is IRS freezing so many tax refunds?
Honolulu Star-Advertiser· 6 days agoQuestion: Regarding the IRS questioning someone’s identity (808ne.ws/3QPaLph), is this more likely if the person claimed certain credits? Answer: Yes,...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 4 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...