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With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 8 hours agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
IRS evaluating future of free pilot program that helped over 4,000 Nevadans file taxes
KTNV Las Vegas· 4 days agoAs mandated by the Inflation Reduction Act, the IRS delivered a report to Congress in May 2023 that...
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 4 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 ...
940,000 Taxpayers Have Just 2 Weeks to Claim Part of the $1B theIRS Is Holding. See If You're Owed...
CNET· 6 days agoThe IRS is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but it won't be...
Turns out people like filing their taxes for free
Axios· 7 days agoCatch up fast: A small part of the 2022 Inflation Reduction Act funding was used to assess the feasibility of a direct tax filing operation. The IRS...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability ofTax Credits...
JD Supra· 1 day agoThe final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications. The registration portal for transferring tax
Last Minute Reminder: Filing Deadline For Most Tax-Exempt Organizations Is May 15
Forbes· 5 days agoWhile tax season is over for many taxpayers (except those of us still on extension), tax-exempt...
IRS Notifying Taxpayers Whose Data Was Accessed In Leak That Hit Billionaires And Trump
Forbes· 5 days agoThe IRS is now notifying more taxpayers who were impacted by the Littlejohn data breach. Former IRS contractor Charles Littlejohn illegally accessed and ...
Meet Today’s ACA 1095 & 1099 Extended Deadline For Tax Year 2023. E-file Now With TaxBandits!
Digital Journal· 7 days agoROCK HILL, SC / ACCESSWIRE / April 30, 2024 / The end of April marks the end of the month, and for businesses that filed a Form 8809 extension for their 2023 ACA reporting, this also marks the end of their 30-day extension period. Employers that were
Weekly IRS Roundup April 22 – April 26, 2024
The National Law Review· 5 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 22, 2024 – April 26, 2024....