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Weekly IRS Roundup April 22 – April 26, 2024
The National Law Review· 6 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....
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(< ...
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...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability ofTax Credits...
JD Supra· 3 days agoThe final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications. The registration portal for transferring tax
What Businesses Tackling Technical Debt Can Learn From the IRS
PYMNTS.com· 1 day ago“The changes outlined in this report are a stark contrast to the years of under-funding that...
Four-time Super Bowl champ files for bankruptcy amid $15.5m tax-scam allegations
The US Sun· 6 days agoFORMER NFL star Bill Romanowski and his wife Julie have filed for bankruptcy. The four-time Super...
Shohei Ohtani's former interpreter agrees to plead guilty to stealing $17 million
LA Times via Yahoo News· 5 hours agoIppei Mizuhara, a former Japanese interpreter for baseball star Shohei Ohtanti, has agreed to plead...
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
House and Senate DFL to battle over progressive tax provisions
Minnesota Reformer via Yahoo News· 2 days agoThe Minnesota House passed a tax bill on Friday that includes a slew of tax changes: large...
Tax Treatment of the Sale of Social Club Assets Upon Liquidation | JD Supra
JD Supra· 19 hours agoSince 1916, Congress has exempted from income taxation clubs formed to facilitate social interaction between its members. As a result, country clubs, hunting and fishing clubs, college sororities ...