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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...
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...
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 ...
Form 5330 E-Filing Requirement Headache | JD Supra
JD Supra· 3 days agoThe Form 5330[1], an excise tax return used by certain employers and individuals to pay penalty taxes, must be filed electronically for taxable years ending on or after December ...
Government updates procedures to change R&D, income recognition, and inventory methods in new Rev....
JD Supra· 4 days agoOn April 30, 2024, the Internal Revenue Service (IRS) released Rev. Proc. 2024-23, List of Automatic Changes, which provides the list of tax accounting ...
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 ...
Five Things on the Department of Labor’s Radar for Employee Benefit Plans | JD Supra
JD Supra· 10 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 ( ...
Ex-corporate lawyer to plead guilty to not paying federal taxes on $3.4 million of income
Gannett via AOL· 4 days agoLentzen's attorney did not return calls for comment Friday. Contact Cary Spivak at (414) 550-0070 or cspivak@jrn.com. Follow him on Twitter at @cspivak. This article originally appeared on Milwaukee ...
Proposed Regulations May Mitigate Certain US Tax Reporting Obligations for Some US Taxpayers | JD...
JD Supra· 2 days agoFor example, an individual may have an ownership interest in a foreign (i.e., non-U.S.) company, be a beneficiary of a foreign trust, or receive gifts from non-US friends ...
Final Regulations Issued on Direct-Pay Elections and Transfer of Tax Credits | JD Supra
JD Supra· 7 days 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 ...
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