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IRS Form W-9 Changes and Their Impact on Trusts and Estates
WealthManagement.com· 1 day agoIn March 2024, the Internal Revenue Service (IRS) unveiled a revised version of Form W-9, Request for Taxpayer Identification Number and Certification, marking a significant ...
D.C. Cir. Finds IRS Summons Prevents Qualified Amended Return Defense
Forbes· 4 days agoThe IRS frequently imposes penalties against taxpayers who file incorrect tax returns. Although...
Action Steps Following the Largest-Ever IRS Data Breach | JD Supra
JD Supra· 6 days agoOn January 29, 2024, Charles E. Littlejohn was sentenced to five years in prison for committing one of the largest heists in the history of the federal government. Littlejohn ...
IRS Signals Increased Scrutiny of Deductibility of Success-Based Fees in M&A Transactions | JD Supra
JD Supra· 5 days agoOur Tax Group sheds light on recent IRS rulings that disallow deductions involving success-based fees in M&A transactions. Contrary to common...
Recently Issued IRS Littlejohn Victim Notices May Present Challenges for Taxpayers | JD Supra
JD Supra· 2 days agoAs required by law, the Internal Revenue Service (IRS) has begun issuing notification letters to victims of a former IRS contractor who illegally accessed ...
Tax990 Helps Nonprofits Meet May15th 990 Deadline With New 2024 Features
Digital Journal· 4 days agoROCK HILL, SC / ACCESSWIRE / April 26, 2024 / For nonprofits across the country that operate on a calendar tax year, the upcoming 990 deadline on May 15, 2024 is a crucial milestone. With < ...
Now that you've filed your taxes, timely tips for avoiding scams
KNBN Rapid City· 4 days agoTax filing season ended a couple of weeks ago, which means it’s now tax scam season. One phone scam...
New Final Tax Credit Transferability Regulations Issued; Changes Minimal | JD Supra
JD Supra· 18 hours agoOn April 25, 2024, the IRS and US Treasury Department issued the final regulations under Section 6418 of the Code, the provision that allows sales of certain tax credits, ...
Advice for protecting privacy and security when filing taxes
Digital Journal· 2 days agoFor those living in the U.S., the tax filing season has arrived. Virginia Tech information privacy...
Tax Breaks: New Laws And Budget Proposals—Including One That's Out Of This World
Forbes· 4 days agoPennsylvania Rep. Kristine Howard (D-District 167) understands that it can be counterintuitive to...