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IRS Shifts Focus in Audits of Wealthy Taxpayers, Watchdog Finds
Bloomberg Law· 6 hours agoThe Internal Revenue Service has stopped complying with a 2020 Treasury Department Directive to audit at least 8% ...
Treasury Department and IRS Target Partnership Basis-Shifting Transactions | JD Supra
JD Supra· 18 hours agoOn June 17, 2024, the Treasury Department launched “a new regulatory initiative to close a major tax loophole exploited by large, complex...
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 6 days agoThe Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) announced ...
IRS seeks to close loophole used by ultra-wealthy
The Week· 6 days agoThe Internal Revenue Service and Treasury Department launched a new initiative Monday aimed at closing a significant ...
IRS Issues Basis Shifting Guidance for Partnerships, Proposes Reporting Requirements | JD Supra
JD Supra· 6 days agoThe Internal Revenue Service (IRS) and U.S. Department of Treasury recently issued guidance to curtail what they consider ...
IRS announces ‘major’ new tax rule taking an extra $50 billion from Americans
BizPac Review· 7 days agoNew rules from the United States Treasury aimed to sic the Internal Revenue Service on successful businesses “costing the federal government ...
Insights into the Latest Treasury and IRS Proposed Regulations on Excise Tax for Corporate Stock...
JD Supra· 7 days agoOn April 12, 2024, the Department of the Treasury and the IRS published proposed regulations regarding the application of the stock repurchase excise tax ...
Daily Financial Regulation Update -- Tuesday June 18, 2024 | JD Supra
JD Supra· 5 days agoJune 17, 2024 - The U.S. Department of the Treasury today announced that the United States has provided formal notice to the Russian Federation...
Trump turns over tables with tariff talk
The Bradford Era· 9 hours agoAt the old political tables, you’d typically see Democrats accuse Republicans of trying to eliminate Social Security and Medicare, terrifying older...
‘Weaponization Of The IRS’: Biden Admin Cements Rules Handing Labor Unions A Massive Victory
IJR· 6 days agoThe Internal Revenue Service (IRS) and the Treasury Department finalized prevailing wage and apprenticeship requirements ...