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IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 1 day agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
IRS adds another state to Direct File, as House Republicans seek to defund it
Federal News Network· 1 day agoThe IRS is recruiting another state to participate in its Direct File platform, which lets...
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 1 day agoThe Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) announced the latest chapter in the long-trumpeted enforcement initiative aimed at large ...
Customers of Bay City tax service now being hit with IRS late fees and interest
ABC12 Mid-Michigan· 10 hours agoThe controversy surrounding a Bay City tax service continues, and now it appears the IRS will not be...
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
WILX 10 Lansing· 3 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...
IRS to target wealthy’s use of loophole: ‘Billions are at stake here’
The Patriot-News· 22 hours agoThe IRS plans on targeting a loophole used by wealthy Americans and corporations to avoid paying...
IRS warning with one day until major tax deadline
Newsweek· 4 days agoTaxpayers have only one day to file pay-as-you-go taxes with the Internal Revenue Service (IRS), with the filing deadline set for June 17. Earlier this...
IRS hit a ‘big milestone’ to wean itself off paper. What comes next?
Federal News Network· 2 days agoThe IRS is taking major strides to wean itself off paper. The agency’s Document Upload Tool is...
Navigating an IRS unpaid balance notice
NBC Dallas Fort Worth· 1 day agoIf you recently received a letter saying you owe the IRS money for unpaid 2023 federal income tax and you know you paid, it may have been a glitch. On...
IRS Issues Basis Shifting Guidance for Partnerships, Proposes Reporting Requirements | JD Supra
JD Supra· 1 day agoThe Internal Revenue Service (IRS) and U.S. Department of Treasury recently issued guidance to curtail what they consider abusive basis shifting by related-party partners ...