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IRS Extends Free File Program Through 2029, While Direct File Future Remains Uncertain
Forbes· 5 days agoThe IRS will extend the Free File program through October 2029, following an agreement to continue...
Dirty Dozen 2024 | JD Supra
JD Supra· 4 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· 4 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.
Case: Petitioner Failed to Review Joint Return and Knew Expenses Were Not Deductible, No Eligibility...
Bloomberg Law· 5 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 ...
JD Supra: Business Taxation of Hedging Transactions Part IV: Tax Timing
JD Supra· 2 days 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· 7 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< ...
JD Supra: Estate Planning for the Business Owner Series, Part 2: Valuing the Business
JD Supra· 2 days agoe., earnings before interest, taxes, depreciation, and amortization), a value used in a recent loan application, or even the value used for equity as compensation (a “409A ...
Dow Jones Today: Nvidia Rally Hands Nasdaq 5th Straight Winning Week
Investopedia· 4 days agoU.S. stocks rose on Friday as a Nvidia-fueled rally propelled the Nasdaq Composite to a record...
Energy Tax Credits – Final Regulations on Transferability and Guidance on Domestic Content
The National Law Review· 6 days agoThe Treasury Department and IRS recently issued final regulations on the transfer of certain credits...
...California Man, Owner of SoCal-Based Ambulatory Transportation Companies Indicted for Alleged Tax...
Sierra Sun Times· 5 days agoSANTA ANA, California – A federal grand jury on Wednesday returned a superseding indictment charging...
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