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IRS to end another major tax loophole for wealthy, hopes to raise $50 billion in the process
Portland Press Herald· 14 hours agoDeputy Treasury Secretary Wally Adeyemo, seen in 2023, says closing a tax-basis loophole used by partnerships can raise $50 billion over 10 years. The Biden administration ...
IRS Should Embrace Remote-First Culture to Recruit Top Talent
Bloomberg Law· 1 hour 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 ...
The IRS says it can raise $50 billion by closing an 'abusive' tax loophole used by the ultra-rich
Quartz· 19 hours agoThe Internal Revenue Service says it could raise more than $50 billion over the next decade by...
The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.
Market Watch· 21 hours agoBy blocking the move and telling taxpayers who use it that they are on notice, the government can...
IRS to boost enforcement staffing, close tax loopholes used by complex partnerships
Federal News Network· 21 hours agoThe IRS is ramping up enforcement efforts through a combination of increased hiring and closing tax...
Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers
International Business Times· 17 hours agoThe U.S. Treasury Department and the IRS are working together to "close a major tax loophole" often...
IRS is reducing its physical footprint but needs a better long-term plan, its IG says
Government Executive· 7 days agoBetween the 2018 and the 2023 fiscal years, IRS’ overall space footprint fell from 24.3 million...
IRS Private Letter Ruling Concludes REMIC Can Hold C-PACE Assessments | JD Supra
JD Supra· 5 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...
Fewer Americans are getting tax refunds from Uncle Sam. Here's why that may be
Moneywise via AOL· 3 days agoThe federal government simply isn’t distributing tax refunds the way it used to. According to...