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IRS Distributes New Ruling Requirements for Corporate Spin-Off Transactions | JD Supra
JD Supra· 6 days agoEarlier this month, the IRS released Revenue Procedure 2024-24, which sets forth new requirements for requests for private letter rulings ("PLRs") on corporate spin-off and ...
See What a $100K Salary Looks Like After Taxes in Your State
GOBankingRates via Yahoo Finance· 6 hours agoA six-figure salary is a goal for many people. However, even if you gotten to place in you're life...
Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 6 days agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 5 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
Surprise! Here Are 3 Lesser-Known Income Sources the IRS Can Tax
The Motley Fool via AOL· 5 days agoAnd because of this, we're generally aware that when we earn money, whether it's from a full-time...
Tax Strategies And Schemes To Avoid Taxes At IRS Forefront | JD Supra
JD Supra· 7 days agoOn 4/11/24, the IRS wrapped up its 2024 Dirty Dozen List with a “warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore schemes designed ...
IRS PLR: Extension Request to Change Accounting Period Denied (IRC §442)
Bloomberg Law· 6 days agoThe IRS has published a private letter ruling on Section 442 and Treasury Regulation Section 301.9100 regarding the extension of time to request a change in the applicable accounting period. ...
7 Ways Social Security Rules Differ for the Wealthy
GOBankingRates via Yahoo Finance· 47 minutes agoSocial Security is a critical component of retirement planning in the United States, providing a safety net for millions of Americans. However, the...
Crypto Broker Reporting Regulations Should Avoid Mismatch Risk
Bloomberg Law· 6 days agoThe IRS’s April 19 release of the draft Form 1099-DA—which will be used to report certain sales and exchanges of digital assets on or after Jan. 1, 2025—may indicate that ...
IRS Extends Phase-in Period for Dividend Equivalents Rule
Bloomberg Law· 4 days agoThe IRS extended transition relief for dividend equivalents for two more years in new guidance.