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IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
Journal Gazette & Times-Courier· 1 day agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...
The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.
Market Watch· 2 days agoBy blocking the move and telling taxpayers who use it that they are on notice, the government can...
Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers
International Business Times· 1 day agoThe plan will focus on "related party basis shifting," which is typically used by related parties to...
IRS to boost enforcement staffing, close tax loopholes used by complex partnerships
Federal News Network· 2 days agoThe IRS is ramping up enforcement efforts through a combination of increased hiring and closing tax...
IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments | JD Supra
JD Supra· 6 days agoAccordingly, the PLR concludes that those C-PACE assessments will be permitted assets for a REMIC. The PLR is consistent with prior statements from the IRS regarding the treatment of special assessments as debt.
JD Supra: Death, Taxes, and the Sale of Business Interests
JD Supra· 2 days agoIntroduction: What is Estate Tax and Who Has to Pay? Over 200 years have passed since Benjamin Franklin famously wrote, “in this world, nothing can be said to be certain, except...
The IRS says it can raise $50 billion by closing an 'abusive' tax loophole used by the ultra-rich
Quartz· 2 days agoThe Internal Revenue Service says it could raise more than $50 billion over the next decade by...
I'm Buying a Home. Are Closing Costs Tax-Deductible?
SmartAsset via Yahoo Finance· 6 days agoWhen you're filing your taxes, there's a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may...
Fewer Americans are getting tax refunds from Uncle Sam. Here's why that may be
Moneywise via AOL· 4 days agoBut a CPA or tax pro versus a moonlighting friend will pick up deductions that are easy to miss,...
I’m an Economist: How a Biden Reelection Would Impact Middle Class Taxes
GoBankingRates via AOL· 14 hours agoWith the presidential election coming this November and Joe Biden up for reelection, there's been a...