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IRS Extends Free File Program Through 2029, While Direct File Future Remains Uncertain
Forbes· 4 days agoThe IRS will extend the Free File program through October 2029, following an agreement to continue...
Dirty Dozen 2024 | JD Supra
JD Supra· 3 days agoThe Dirty Dozen is an annual taxpayer awareness campaign which began in 2002 listing twelve scams and schemes that place taxpayers, businesses, and the tax professional community ...
Weekly IRS Roundup May 13 – May 17, 2024
The National Law Review· 3 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 13, 2024 – May 17, 2024.
5 Things You Should Know Now About IRS Form 3520-A
Forbes· 6 days agoIRS Form 3520, these persons may have separate requirements to file IRS Form 3520-A. Worse yet, the penalties for failing to
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 6 days agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 6 days agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
JD Supra: Business Taxation of Hedging Transactions Part IV: Tax Timing
JD Supra· 22 hours agoWhat are the tax accounting rules for hedges? Whether or not a qualified tax hedge is properly identified, it must be tax accounted for ...
What is FIRPTA withholding?
TheStreet.com· 6 days agoThe Foreign Investment in Real Property Tax Act (FIRPTA) requires most foreigners who sell or otherwise dispose of U.S. real property to pay capital gains tax< ...
Energy Tax Credits – Final Regulations on Transferability and Guidance on Domestic Content
The National Law Review· 5 days agoThe Treasury Department and IRS recently issued final regulations on the transfer of certain credits...
Case: Petitioner Failed to Review Joint Return and Knew Expenses Were Not Deductible, No Eligibility...
Bloomberg Law· 4 days agoRequesting Petitioner was not eligible for further relief from joint and several liability under I.R.C. §6015(f) after the IRS granted proportionate relief under §6015(c), the U.S. Tax Court held, sustaining ...
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