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Inflation Reduction Act Domestic Content Bonus Update: IRS Issues Updated Guidance with New Elective...
The National Law Review· 22 hours agoOn May 16, 2024, the IRS released Notice 2024-41 (the “Notice”), modifying its preliminary guidance...
Top CD rates today: Top rates remain competitive — May 21, 2024
USA Today· 5 hours agoCertificates of deposit (CDs) are a solid choice if you’re in the market for a low-risk investment...
IRS agent testifies about ‘peculiar’ names in food distribution sites in Feeding Our Future trial
Minneapolis-St. Paul Star Tribune· 16 hours agoThree children all named "John Doe" allegedly received free food. None of those names matched the...
Senior Center Stops IRS Bid to Resurrect $20 Million Adjustment
Bloomberg Law· 21 hours agoThe IRS can’t adjust a California senior care facility’s income upward by $20 million, because the center’s entrance fee reports accurately reflect income, the Ninth Circuit said Monday.
Microcaptive Promoter Celia Clark Settles IRS Promoter Penalties
Forbes· 1 day agoAs related in that article, the IRS assessed Clark with $11 million in penalties, Clark paid a...
IRS warns thousands of taxpayers they could face jail time
Newsweek· 7 days agoThe IRS is warning that thousands of taxpayers may be facing jail time if they're found to have...
IRS Presses Appeals Court to Sustain Levy on Tax Scheme Promoter
Bloomberg Law· 22 hours agoThe IRS properly denied an ex-accountant’s challenge to its proposed levy after he and his wife failed to give evidence of the losses they claim offset their tax liabilities ...
Tax Strategies And Schemes To Avoid Taxes At IRS Forefront | JD Supra
JD Supra· 1 day agoOn 4/11/24, the IRS wrapped up its 2024 Dirty Dozen List with a “warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore schemes designed ...
IRS whistleblowers ask judge to dismiss Hunter Biden's lawsuit against the tax agency
CBS News· 4 days agoTwo IRS employees who were granted whistleblower protections to share their concerns about the...
IRS announces tax relief for taxpayers impacted by tornadoes
Southwest Iowa's daily newspaper· 18 hours agoInternal Revenue Service announced Saturday tax relief is available for individuals and businesses...