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Just 3 Business Days Left Before May 15th 990 Deadline; Tax990 Simplifies 990 Filing for Nonprofits...
Digital Journal· 11 hours agoWith the May 15 deadline for 990 series forms just 3 business days away, nonprofits and tax-exempt organizations (those that follow the calendar tax year) may find themselves in the midst of ...
IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
CNBC· 1 day agoThere is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns...
Our View: Pilot shows Direct File works and should be expanded
The Eagle-Tribune· 18 hours agoDirect File is an upgrade over the IRS’ longstanding E-file system, which was practical only for the most simple of ...
D.C. Court of Appeals Strengthens IRS’ Ability to Collect Penalties for Not Reporting Foreign...
JD Supra· 3 days agoThe United States Court of Appeals for the D.C. Circuit issued a ruling overturning a Tax Court decision that had created doubt as to the manner in which the IRS may collect ...
Final Regulations Issued on Direct-Pay Elections and Transfer of Tax Credits | JD Supra
JD Supra· 4 hours agoOn April 25, 2024, the US Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued final regulations (T.D. 9993) (the “final regulations under ...
IRS Rules Utility's NOL Carryforward Cannot Be Reduced by Tax Allocation Payments | JD Supra
JD Supra· 2 days agoThe IRS ruled that the normalization rules precluded the reduction of the NOLC by reason of the TAA payments. Because the regulatory authority required the reduction of the ...
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 3 days agoOn April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election ...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 4 days agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
Tax990 Simplifies 990-PF Filling For Private Foundations
Digital Journal· 4 days agoROCK HILL, SC / ACCESSWIRE / May 6, 2024 / As the May 15, 2024 deadline for filing 990 series tax returns approaches, nonprofit organizations operating on a calendar tax year across the nation ...
House and Senate DFL to battle over progressive tax provisions
Minnesota Reformer via Yahoo News· 4 days agoThe Minnesota House passed a tax bill on Friday that includes a slew of tax changes: large...