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IRS Obsoletes Dated Guidance For Tax Exempt Organizations
Bloomberg Law· 6 days agoThe IRS released a revenue procedure and revenue ruling obsoleting previous guidance for certain exempt organizations.
The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims
Business Insider· 2 days agoThis story is available exclusively to Business Insider subscribers. Become an Insider and start...
When to Consider the IRS Voluntary Disclosure Program or VDP | JD Supra
JD Supra· 12 hours agoAre you wondering when a US taxpayer should consider the IRS Voluntary Disclosure Program or VDP? Are you concerned about unreported or under-reported income, financial accounts ...
IRS Opens Bonus Tax Credit Program for Low-Income Communities
Bloomberg Law· 2 days agoThe application portal for the 2024 Low-Income Communities Bonus Credit Program is now open, the Treasury Department, IRS, and Department of Energy announced Tuesday.
Form 7206: New self-employed health insurance deduction
TheStreet.com· 7 hours agoForm 7206 is the newly-introduced IRS form that self-employed taxpayers use to figure their deduction for health insurance costs. Form 7206 is a new IRS ...
An Energy/Production Credit Boost – IRS Issues Notice With Safe Harbor for Domestic Content | JD...
JD Supra· 12 hours agoTo qualify for this credit increase, a taxpayer must satisfy requirements for the domestic content bonus. The domestic content bonus requirements are meant to incent renewable energy developers ...
Prevent Employee Retention Credits From Scuttling a Merger Deal
Bloomberg Law· 11 hours agoThe IRS has featured employee retention credits on its “Dirty Dozen” list of notable tax scams since 2023 and simultaneously extended the statute of limitations for seeking ...
Why It Matters Whether the CFTC Versus the SEC Regulates Crypto
Coindesk· 41 minutes agoRepresent a physical or digital product or group of rights. This is just a product, and unregulated...
'I pay what I owe': Mark Cuban says he wired $275.9 million to the IRS because he's 'proud' to pay...
MSN News· 1 day agoIt’s a good day for the IRS.
IRS PLR: ‘Portability’ Election Extension Granted (IRC §2010)
Bloomberg Law· 6 days agoThe IRS has published a private letter ruling on Section 2010 and Treasury Regulation Section 301.9100, regarding the extension of time to make a portability election for federal tax purposes. ...