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...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via AOL· 2 days agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
How to Calculate RMDs for Inherited IRAs | ThinkAdvisor
ThinkAdvisor· 6 hours agoWhen RMDs must be calculated, the rules will also differ depending on whether the beneficiary is a...
Tax Strategies And Schemes To Avoid Taxes At IRS Forefront | JD Supra
JD Supra· 4 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 ...
Green Groups Oppose Forest Biomass Energy Tax Credit Eligibility
Bloomberg Law· 6 hours agoThree environmental groups are urging Treasury and IRS to exclude forest-derived biomass electricity from eligibility for coming tech neutral green energy credits slated to go into effect next year.
IRS Allows DOE’s Modified GREET Model and USDA’s Climate Smart Agriculture Program for Sustainable...
JD Supra· 7 days agoOn April 30, 2024, the Department of Treasury and IRS issued new SAF tax credit guidance created by the Inflation Reduction Act (IRA). This guidance...
Arizona man pleads guilty for defrauding IRS of $17 million through 'tax shelters'
AZCentral | The Arizona Republic via Yahoo Finance· 1 day agoEllsworth Stauffer, the operator of a formerly licensed professional corporation, concealed nearly $60 million from the IRS, causing an estimated loss of $17 million in taxes ...
IRA Heirs Can Delay RMDs Another Year, But Should They?
Forbes· 4 days agoThe IRS recently announced that in 2024, for the fourth consecutive year, IRA beneficiaries don’t...
New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs | JD Supra
JD Supra· 7 days agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...
IRS agent testifies about ‘peculiar’ names in food distribution sites in Feeding Our Future trial
Minneapolis-St. Paul Star Tribune· 3 days agoThree children all named "John Doe" allegedly received free food. None of those names matched the...
IRS offers major relief to tornado victims
Newsweek· 7 days agoMultiple tornadoes have torn through the state this year. The Internal Revenue Service (IRS) announced the tax relief areas on Thursday, adding that...