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Tax Court: As to Listed Transaction, IRS Must Adhere to APA | JD Supra
JD Supra· 23 hours agoIn the late 1990s and early 2000s, the IRS was confronted with a proliferation of corporate transactions that it viewed as aggressive tax shelters. Relying ...
IRS Heeds Call to Investigate Misuse of Puerto Rican Residency Tax Benefits | JD Supra
JD Supra· 2 days agoTime...IRS) efforts to root out those abusing lucrative Puerto Rico tax benefits, the agency has committed to devoting more resources to audits of those ...
JD Supra: Form 5330 E-Filing Requirement Headache
JD Supra· 12 hours agoThe Form 5330[1], an excise tax return used by certain employers and individuals to pay penalty taxes, must be filed electronically for taxable years ending ...
The final decline of Birmingham-Southern: New tax records show pattern of losing money
Birmingham News· 4 days agoIn its penultimate year, Birmingham-Southern College quickly burned through what little cash it had...
Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
CNBC· 6 days agoProsecutors said Wednesday that former IRS account management worker Rodney Quinn Rupe received a...
I'm Buying a Home. Are Closing Costs Tax-Deductible?
SmartAsset via AOL· 1 day 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...
For Many Tax-Exempt Employers - Thanks to IRS Excise Taxes | JD Supra
JD Supra· 4 days agoThe IRS has added additional considerations to this process as a result of Internal Revenue Code (Code) §4960 and its related regulations finalized in late 2021. Beginning ...
Reminder: PCORI Fees Due By July 31, 2024 | JD Supra
JD Supra· 51 minutes agoFor example, for a plan year that ran from July 1, 2022 through June 30, 2023 the fee is $3.00 per covered life. The fee for calendar year</ ...
Tax990 Refines 990-N Filing for Nonprofits and Tax Professionals
Digital Journal· 1 day agoROCK HILL, SC / ACCESSWIRE / June 12, 2024 / Nearly a month has passed since the major 990 deadline (May 15), allowing calendar-year nonprofits to relax until the next filing ...
Would revoking colleges’ tax-exempt status, taxing endowments check antisemitism?
Deseret News via Yahoo News· 7 hours agoHouse Ways and Means Committee explores what should happen next in the wake of pro-Palestine...