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IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break
Forbes· 21 hours agoPuerto Rico's legislature passed Act 22 in 2012, according to critics in Congress, “to attract wealthy foreigners and mainlanders to Puerto Rico by offering generous tax-related ...
COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 1 day agoTax Credit, and 26 percent for the Net Premium Tax Credit. This mismanagement cost taxpayers $25...
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
San Francisco Chronicle· 4 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting | JD Supra
JD Supra· 19 hours agoIRS Large Business and International (LB&I) division. The IRS recently announced a new enforcement campaign that targets and investigates sports industry ...
The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.
Market Watch· 5 days agoBy blocking the move and telling taxpayers who use it that they are on notice, the government can...
Closing asset loophole could add billions to tax collections, IRS says - The Boston Globe
The Boston Globe· 4 days agoRobert Kovacev, a lawyer at Miller & Chevalier who represents partnerships being audited by the IRS,...
The IRS says it can raise $50 billion by closing an 'abusive' tax loophole used by the ultra-rich
Quartz· 4 days agoThe Internal Revenue Service says it could raise more than $50 billion over the next decade by...