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Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
CNBC· 11 hours agoA former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million...
IRS Removal of Automatic Accounting Methods Sure to Disappoint
Bloomberg Law· 5 days agoThe IRS’s April revision to its automatic accounting method procedures means taxpayers now must obtain IRS consent in a formal letter ruling to change part ...
House GOP takes up Fox-fueled campaign to cut IRS tax enforcement
Media Matters· 14 hours agoThis beefed-up enforcement funding is helping the IRS to audit rich tax cheats, who are evading more...
IRS extends tax deadlines for Collin, Denton county residents
Community Impact· 1 day agoTaxpayers within select counties will now have until Nov. 1 to file federal individual or business ...
Michael Jackson's Mother And Children Prevented From Receiving Trust Funds Due To Estate's Dispute...
Black Enterprise· 4 days agoThere’s a dispute brewing between Michael Jackson’s estate and the Internal Revenue Service (IRS)...
Choose how your business is taxed: IRS Form 8832
TheStreet.com· 3 days agoDifferent business structures have distinct tax benefits and obligations. If you want to change your business's tax status, you'll need IRS< ...
U.S. tax gap expected to grow to $688 billion
The Center Square· 1 day agoTaxpayers pay the vast majority of federal taxes on time and without much encouragement from the IRS. U.S. taxpayers paid 85% of taxes voluntarily and on...
Former Nonprofit Unable to Sue IRS Over Revoked Tax Exemption
Bloomberg Law· 2 days agoThe US Tax Court rightfully dismissed a former nonprofit’s lawsuit seeking to resurrect its tax exempt status on the basis that it was a suspended corporation ...
I Won the Lottery! How Bad Are Taxes Going to Be?
SmartAsset via Yahoo Finance· 3 days agoBefore you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on...
Tax Court: IRS Must Adhere to BBA Regulations' Plain Language | JD Supra
JD Supra· 5 days agoNo. 10 (2024), that the petitioning partnership had properly elected into the Bipartisan Budget Act of 2015 (BBA)1 procedures for the year in issue. As a result, the Notice of Final Partnership ...