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IRS Continues Focus On Large Partnerships: 3 Items To Watch Out For
Forbes· 4 days agoIn recent years, the IRS has focused its attention and resources on large partnerships. In 2021, the...
Five Things on the Department of Labor’s Radar for Employee Benefit Plans | JD Supra
JD Supra· 9 hours agoThis article discusses some of these requirements and related guidance issued by the DOL, the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation ( ...
Government updates procedures to change R&D, income recognition, and inventory methods in new Rev....
JD Supra· 4 days agoProc. 2024-23, List of Automatic Changes, which provides the list of tax accounting method changes a taxpayer may file under the IRS’s automatic procedures ...
HILL TAX BRIEF: Biden Official Forecasts Direct File Expansion
Bloomberg Law· 4 days agoA top economic adviser to President Joe Biden staked out the administration’s priorities ahead of the 2025 tax fight, renewing the White House vow to raise taxes on the rich and corporations ...
Questions Regarding Offshore Accounts and FBAR Filing Requirements | JD Supra
JD Supra· 1 day agoWhat is an FBAR? FBAR stands for the Report of Foreign Bank Accounts and refers to Form FinCEN 114.US taxpayers are required to electronically file an FBAR with the US Financial ...
Not Filing This New Report Could Cost Your Business $500 Per Day | Entrepreneur
Entrpreneur· 4 days agoWhile businesses that existed prior to 2024 have until the end of the year to file this report, new...
Social Media Tax Advice Can Lead To Trouble | JD Supra
JD Supra· 4 days agoOn 4/8/24, the IRS continued updating the Dirty Dozen list for 2024 including how social media tax advice can lead taxpayers to trouble as inaccurate or misleading tax information ...
Taxes are a pain. Here’s how to make them a less expensive pain if you live in Massachusetts. - The...
The Boston Globe· 4 days agoThe key part is doing everything you can to avoid the latter — through these things called tax...
More home sales trigger capital gains tax. Here's how it works and how to avoid it.
The Week via Yahoo Finance· 10 hours agoThat's because of the home sale exclusion, which offers a tax break for homeowners who meet certain...
Ex-corporate lawyer to plead guilty to not paying federal taxes on $3.4 million of income
Gannett via AOL· 4 days agoLenzen "knew that he was required by law to pay these amounts to the IRS, but knowingly, intentionally and willfully failed to do so, " according to the plea agreement. A ...
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