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The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.
Market Watch· 1 day agoBy blocking the move and telling taxpayers who use it that they are on notice, the government can...
Closing asset loophole could add billions to tax collections, IRS says
Washington Post· 1 day agoThe Biden administration plans to stop businesses and wealthy individuals from manipulating the...
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...
IRS to boost enforcement staffing, close tax loopholes used by complex partnerships
Federal News Network· 1 day agoThe IRS is ramping up enforcement efforts through a combination of increased hiring and closing tax...
The IRS says it can raise $50 billion by closing an 'abusive' tax loophole used by the ultra-rich
Quartz· 1 day agoThe Internal Revenue Service says it could raise more than $50 billion over the next decade by...
Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers
International Business Times· 1 day agoThe U.S. Treasury Department and the IRS are working together to "close a major tax loophole" often...
IRS Should Embrace Remote-First Culture to Recruit Top Talent
Bloomberg Law· 15 hours agoIt’s time for the IRS to consider a remote-first work model to enhance efficiency and attract top talent. The Covid-19 pandemic accelerated the shift to remote work—and it ...
When Are Property Taxes Due in Every State?
GoBankingRates via AOL· 12 hours agoProperty taxes are the last thing many of us want to think about. But you should be aware of when yours are due. Otherwise, you could incur fines and...
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...
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.