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COMMENTARY: IRS’s Direct File folly is a costly distraction from needed reforms
Las Vegas Review-Journal· 2 days agoThis inefficiency has worsened from last year’s 556-day average. The IRS’ customer service also...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 3 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
Mail From The IRS | JD Supra
JD Supra· 1 day agoFor the most part, Taxpayers do not want to receive mail from the IRS or open mail from the IRS. This is why IRS issued Tax& ...
How To Litigate ERC Refund Claims
Forbes· 1 day agohis article discussed what suing the IRS for ERC refunds would involve and how much it would cost.
Supreme Court Rules Against Taxpayers in IRC Section 965 Case
The National Law Review· 17 hours agoOn June 20, 2024, the Supreme Court of the United States issued a 7-2 opinion in Moore v.
IRS ERC tax-credit backlog soars to 1.4M claims. Payments could take years. - The Business Journals
The Business Journals· 4 days agoThe IRS’s backlog of Employee Retention Credit claims has soared to 1.4 million as it sifts through what it believes to be hundreds of thousands of improper ...
Supreme Court decision saves Trump-era tax change, dodges big loss in federal tax revenue
USA TODAY via Yahoo News· 2 days ago"An opinion in favor of the Moores had the potential to upend many areas of current U.S. tax law,...
IRS warns against scams targeting South Carolina seniors - ABC Columbia
ABC Columbia· 5 days agoCOLUMBIA, S.C. (WOLO)– The Internal Revenue Service (IRS) has issued a warning about the rising...
Supreme Court Clarifies Estate Tax Consequences for Closely Held Company | JD Supra
JD Supra· 1 day agoThe Supreme Court of the United States issued an important ruling on June 6, 2024, clarifying the federal tax consequences of certain succession plans for closely held businesses ...
How Do EV Tax Credits Work?
Car and Driver via Yahoo News· 2 days agoIn 2024, several EVs are eligible for the federal government's tax credit program, which can reduce what you owe the IRS by up to $7500 for a single tax...