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Inflation Reduction Act Domestic Content Bonus Update: IRS Issues Updated Guidance with New Elective...
The National Law Review· 6 hours agoOn May 16, 2024, the IRS released Notice 2024-41 (the “Notice”), modifying its preliminary guidance...
IRS council recommends raising jackpot withholding level to $5,800
Las Vegas Review-Journal· 7 hours agoIRS Commissioner Danny Werfel appeared to back such a move during a recent appearance in...
IRS Puts New Measures In Place For Tax Professionals To Protect Tax Data
Forbes· 7 days agoWith identity theft and refund fraud an ongoing concern, the IRS is implementing new security...
More Flexibility Urged for Energy Tax Credit Direct Pay Option
Bloomberg Law· 2 hours agoThe Tax Law Center at New York University School of Law urged the Treasury Department and IRS to allow for greater flexibility for eligible members of a ...
COVID-19 Payroll Tax Refund Claim Assistance: ERTC Eligibility Check Updated
Digital Journal· 7 hours agoConsulting now offers a simplified process for SMBs who want to see if they qualify for the ERTC (Employee Retention Tax Credit.) By providing its CPA expertise in the refund ...
IRS should keep its free online tax prep and go bigger, say Sen. Elizabeth Warren and over 100...
Market Watch· 5 days ago“We believe that the IRS can offer free and easy tax filing to every American taxpayer who wants it...
IRS warns of tax scams; some with false or frivolous claims risk prosecution
WJLA· 5 days agoThe IRS said it has found thousands of dubious claims sharing common themes. People who seemingly...
IRS PLR: Extension Request to Change Accounting Period Denied (IRC §442)
Bloomberg Law· 9 hours agoThe IRS has published a private letter ruling on Section 442 and Treasury Regulation Section 301.9100 regarding the extension of time to request a change in the applicable accounting period. ...
Bethlehem man who owns 36 Domino’s franchises ordered to pay IRS $2.5 million, sentenced to federal...
The Morning Call· 2 hours agoA Bethlehem man who owns 36 Domino’s pizza franchises in Pennsylvania and Ohio has been ordered to...
IRS Issues Warnings On Tax Scams Driven By Bad Advice Often Found On Social Media
Forbes· 4 days agoThe IRS is warning taxpayers about a series of tax scams and inaccurate social media advice that led...