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IRS PLR: Extension Granted to File an Election Statement for Stock Disposition (IRC §336)
Bloomberg Law· 2 days agoThe IRS has published a private letter ruling on Section 336, and Treasury Regulation Section 301.9100, granting additional time to file an election statement for a stock disposition. [PLR 202424020] ...
Readers ask: Why stop funding NATO? Letters to the Editor, June 16, 2024
Florida Today via Yahoo News· 23 hours agoAnd the retailers just charge more for their products to keep their profit margin from falling. And...
New IRS Tax Form for Digital Asset Broker Reporting | JD Supra
JD Supra· 6 days agoThe IRS released a draft of a new tax form, Form 1099-DA, that brokers will use to report proceeds from certain digital asset transactions. The draft Form 1099-DA can be found ...
Case: IRS May Assert Unsecured Claim Based on Alter Ego Theory in Chapter 7 Bankruptcy Case (Bankr....
Bloomberg Law· 7 days agoThe IRS was permitted to pursue an unsecured claim in a Chapter 7 bankruptcy case against an alleged alter ego of Debtor, held a bankruptcy district court, denying Debtor’ ...
IRS reminder: June 17 estimated tax payment deadline fast approaching
Wyoming Tribune-Eagle· 4 days agoWASHINGTON, D.C. – The Internal Revenue Service reminds taxpayers whose income is not subject to withholding that the second quarter estimated tax payment deadline is June 17.
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
CNBC· 5 days agoThe federal government has issued more than $1 billion in tax credits as an upfront cash incentive...
A 50-year-old man used an obscure IRS rule to withdraw $20K a year from his retirement savings —...
MSN News· 2 days agoComplex calculations are involved, but the loophole is real.
Treasury and IRS Release Updated Guidance on Energy Communities | JD Supra
JD Supra· 6 days agoOn June 7, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2024-48. This notice includes lists of information that taxpayers may use ...
What is an FBAR and What Foreign Financial Information Are You Required to Report? | JD Supra
JD Supra· 3 days agoWhat is an FBAR, and what information is a U.S. taxpayer required to report to the U.S. Government and the IRS? There are many questions about the requirements for U.S. taxpayers ...
New Employee Retention Credit Details Expected Soon, IRS says
Bloomberg Law· 2 days agoThe IRS is planning to release additional analysis on claims made as part of its pandemic-era employee retention credit program that’s been paused since last year, a top agency ...