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IRS evaluating future of free pilot program that helped over 4,000 Nevadans file taxes
KTNV Las Vegas· 5 days agoAs mandated by the Inflation Reduction Act, the IRS delivered a report to Congress in May 2023 that...
D.C. Court of Appeals Strengthens IRS’ Ability to Collect Penalties for Not Reporting Foreign...
JD Supra· 19 hours agoUnited 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</ ...
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...
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...
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 ...
Last Minute Reminder: Filing Deadline For Most Tax-Exempt Organizations Is May 15
Forbes· 7 days agoWhile tax season is over for many taxpayers (except those of us still on extension), tax-exempt...
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 6 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...
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 ...
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...
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...