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IRS evaluating future of free pilot program that helped over 4,000 Nevadans file taxes
KTNV Las Vegas· 5 days agoShortly after that, the IRS looked at ways to create a direct e-filing option. The program was...
D.C. Court of Appeals Strengthens IRS’ Ability to Collect Penalties for Not Reporting Foreign...
JD Supra· 19 hours 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 ...
Conquering Tax Season: How Technology can Streamline Filing and Return Delivery in 2024
International Accounting Bulletin via Yahoo Finance· 11 hours agoWith more than 46,000 CPA firms in the U.S. facing another season of tight deadlines, grappling with...
Treasury Issues New Proposed Regulations On Foreign Trusts And Gifts
Forbes· 21 hours agoIn many of these arrangements, U.S. taxpayers successfully concealed property (and corresponding...
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 1 day agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 29, 2024 – May 3, 2024. April...
IRS Announces Application Process for $6 Billion Allocation of Clean Energy Manufacturing and...
JD Supra· 7 days agoOn April 29, 2024, the IRS and the Department of Energy (DOE) announced the process by which they will accept and process applications on round two of the Section 48C(< ...
IRS Notifying Taxpayers Whose Data Was Accessed In Leak That Hit Billionaires And Trump
Forbes· 7 days agoThe IRS is now notifying more taxpayers who were impacted by the Littlejohn data breach. Former IRS contractor Charles Littlejohn illegally accessed and ...
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 19 hours 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 ...
Tax990 Simplifies 990-PF Filling For Private Foundations
Digital Journal· 2 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 ...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 2 days agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...