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IRS Rev. Rul.: Applicable Federal Rates for June 2024 (IRC §1274)
Bloomberg Law· 9 hours agoVarious prescribed rates for federal income tax purposes for June 2024, the IRS provided. Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current
Rossen Reports: Deadline to claim $1 billion in unclaimed IRS refunds
WBAL-TV Baltimore· 9 hours agoThe IRS says there is more than $1 billion in unclaimed refunds. The original 2020 tax deadline was...
The IRS might owe you $1,031 if you live in Pennsylvania, but you have to act fast
WKBN 27 Youngstown· 1 day agoThe IRS could owe Pennsylvania residents more than $1,000 but the deadline to file for it is this...
IRS Doesn’t Have to Pay Widow’s Litigation Costs From Tax Trial
Bloomberg Law· 7 hours agoA widow who received innocent spouse relief and an almost $120,000 refund from the IRS isn’t owed a further award for her litigation costs, the US Tax Court said Wednesday ...
IRS Continues Auditing Employee Retention Credit Claims for Fraud, Offers Protection for At-Risk...
Law.com· 3 days agoOver the past year, the Internal Revenue Service (IRS) has discovered billions of dollars in potentially fraudulent Employee Retention Credit (ERC) claims. Due to the high ...
Ottawa Co. saves over a quarter of a million dollars after dispute is resolved between county, IRS
WZZM 13 Grand Rapids· 10 hours agoCongressman Bill Huizenga said last year he learned the IRS was misapplying multiple quarters of...
IRS might owe some Pa. residents $1,031, but the claim deadline is approaching fast
The Patriot-News· 13 hours agoThe deadline to file is so close.
Judges Fret About Precedent of IRS Conservation Easement Notice
Bloomberg Law· 11 hours agoThe IRS told the US Court of Appeals for the Eleventh Circuit at oral argument Wednesday that it needed to act quickly to stop a known tax shelter when it issued guidance ...
IRS audit could cost Trump more than $100 million in taxes on Chicago tower
CBS News· 4 days agoAn IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses...
IRS Clean Vehicle Tax Credit Rule Adds Hurdles for Domestic Electric Vehicle Manufacturing | JD...
JD Supra· 21 hours agoThe Internal Revenue Service (IRS) published a final rule on May 6, 2024, defining eligibility requirements for the clean vehicle credit under Section 30D of the Internal ...