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IRS says taxpayers who filed suspicious returns with key tax credits must verify their IDs
Detroit Free Press via Yahoo Finance· 13 hours agoAnd taxpayers who receive notices that they need to verify their identity must pay attention to the...
Weekly IRS Roundup May 13 – May 17, 2024
The National Law Review· 9 hours 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.
IRS office flooded with hundreds of people looking for tax refund
Newsweek· 2 days agoAn IRS office in Detroit was flooded with hundreds of taxpayers chasing their tax refunds, and many...
Hundreds wait in long lines at IRS offices in Detroit to verify IDs and get tax refunds
Detroit Free Press via Yahoo Finance· 5 days ago"We got to sit out here like animals in a line," said Pia Smith, who said she arrived at "3 a.m.,...
There is a new deadline to get the Real ID. Here's why you need one
Los Angeles Times· 13 hours agoPushed out of mind by a handful of deadline delays, Californians now face another drop-dead date to...
IRC Section 280E Will No Longer Apply if Marijuana Is Rescheduled
The National Law Review· 3 days agoOn May 16, 2024, the US Department of Justice submitted a Notice of Proposed Rulemaking (NPRM) to reschedule marijuana from Schedule I to Schedule III within the Controlled Substances Act.
Valero unit sues government for third time this year over taxes
San Antonio Express-News· 1 day agoValero Marketing and Supply Co. alleges it was erroneously assessed federal excise tax, which it...
Bank of America appeals IRS win in $163 mln bank merger tax fight
Reuters· 3 days ago, opens new tab has asked a U.S. appeals court to revive its lawsuit seeking more than $163 million...
How to Get the 2024 EV Tax Credit and Save Big on an Electric Car
Best Life· 5 days agoEnter: the EV tax credit. If you qualify for the electric vehicle tax credit, which has been around...
Bill & Ted’s Excellent Legislation: 2024 Cannabis Tax Developments | JD Supra
JD Supra· 2 days agoOn May 16, 2024, the Biden Administration proposed to reclassify cannabis from a schedule 1 controlled substance to a schedule 3 controlled substance by filing the proposed change in the Federal ...