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Treasury, IRS announce rules to close 'major tax loopholes' for big business, wealthy 1% of...
United Press International via Yahoo Finance· 3 days agoThe IRS and Treasury Department on Monday unveiled two new rules aiming to end "a major tax...
IRS, Treasury Look to Challenge So-Called Basis-Shifting Transactions, But It Won’t Be Easy | JD...
JD Supra· 1 day agoIRS says the guidance is aimed at “the inappropriate use of partnership rules [by taxpayers] to inflate the basis of … underlying assets ...
America’s rich never sell their assets. How should they be taxed?
The Economist· 7 hours agoAn accountant might talk about how to reduce that gross income, via...Whether governments should...
IRS to end another major tax loophole for wealthy, hopes to raise $50 billion in the process
Portland Press Herald· 3 days agoDeputy Treasury Secretary Wally Adeyemo, seen in 2023, says closing a tax-basis loophole used by...
IRS plans to close 'major' tax loophole used by wealthy Americans
FOX Business· 3 days ago"These tax shelters allow wealthy taxpayers to avoid paying what they owe," IRS Commissioner Danny...
IRS Takes Aim at a $50 Billion Loophole for Wealthy Taxpayers
The Fiscal Times via Yahoo Finance· 3 days agoThe IRS announced Monday that it plans to eliminate a loophole used by large, complex partnerships...
IRS Finalizes 2024 Federal EV Tax Credit Rules: Key Updates on Eligibility - EconoTimes
EconoTimes· 2 days agoThe IRS has finalized its 2024 regulations for the federal tax credit program for electric vehicles,...
Supreme Court Rules In Favor Of IRS: Revise Redemption Plans Now
Forbes· 7 days agoOn June 6, 2024, the U.S. Supreme Court issued a unanimous opinion on a closely held business valuation case that will have significant impact on many family and closely held ...
Billy Ray Cyrus Accuses Ex Firerose of Isolating Him From Family
E! News via Yahoo News· 2 days agoBilly Ray Cyrus filed new legal documents accusing estranged wife Firerose of "conducting a...
Biden to propose new partnership rules as tax battle heats up
The Hill via Yahoo News· 3 days agoPresident Biden is putting forward new rules to go after wealthy tax cheats as the battle on how to...
