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IRS PLR: Consent Granted to Make Retroactive Qualified Electing Fund Election (IRC §1295)
Bloomberg Law· 13 hours agoThe IRS has published a private letter ruling on Section 1295 regarding making a retroactive qualified electing fund election for federal tax purposes. [PLR 202419001]
IRS commissioner warns of worse customer service, lower tax collection if budget is cut
CBS Austin· 4 days agoIRS commissioner Daniel Werfel has made several pleas to lawmakers to leave the agency’s budget...
The IRS may owe you hundreds of dollars from years ago. You have days left to collect.
KSDK St. Louis· 5 days agoYou may be owed hundreds of dollars by the IRS. Generally the deadline to claim old refunds falls...
Final Regulations on Domestically Controlled REITs
The National Law Review· 11 hours agoOn April 24, 2024, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) issued final regulations[1] on the...
IRS boosts health savings account contribution limits for 2025
CNBC· 2 days agoThe IRS has unveiled the 2025 contribution limits for health savings accounts, which are triple-tax...
From the Tax Law Offices of David W. Klasing - New IRS Enforcement Targets High Earners Who Fail to...
KTLA-TV Los Angeles· 2 days agoThe Internal Revenue Service (IRS) targets high-income earners because they have a significant impact on tax revenue. Non-compliance among high-income individuals can disproportionately ...
IRS wants tax training focused on big filers
Government Executive· 2 days agoThe IRS wants to revamp how it trains revenue agents and economists that enforce tax laws that apply to large organizations and wealthy individuals....
The IRS might owe you money from years ago, but you only have a couple weeks to claim it
KVUE-TV Austin· 5 days agoYou may be owed hundreds of dollars by the IRS. Generally the deadline to claim old refunds falls...
Treasury and IRS Issue Additional Guidance on Section 40B Sustainable Aviation Fuel Tax Credit | JD...
JD Supra· 1 day agoSection 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides tax credits for each...
On This Day in History - May 10th - Almanac - UPI.com
UPI· 1 day agoOn May 10, 2013, the IRS apologized for giving special scrutiny to applications for tax-exempt...
