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How fast must you empty an inherited IRA account to comply with the IRS’s updated rules? Suze Orman...
Moneywise via Yahoo Finance· 1 day agoIn each year since the new rules were announced, including 2024, the IRS has waived the need for an...
IRS Updated Streamlined Filing Compliance Procedures | JD Supra
JD Supra· 11 hours agoWhat do you need to know about the IRS updated Streamlined Filing Compliance Procedures or "Streamlined Procedures?" Are you concerned about unreported or under-reported offshore ...
Arizona man pleads guilty for defrauding IRS of $17 million through 'tax shelters'
The Arizona Republic· 2 hours agoDepartment of Justice announced on Monday that Kent Ellsworth pleaded guilty to two counts of...
IRS News Release: Qualifying Advanced Energy Project Credit New Allocation Round Open (IRC §48C)
Bloomberg Law· 4 hours agoThe Department of Energy Qualified Advanced Energy Project Credit Program Applicant Portal (48C Portal) is now open for any interested applicants to register for a new round of allocations, the ...
Arizona man pleads guilty for defrauding IRS of $17 million through 'tax shelters'
The Arizona Republic via Yahoo News· 2 hours agoEllsworth Stauffer, the operator of a formerly licensed professional corporation, concealed nearly $60 million from the IRS, causing an estimated loss of $17 million in taxes ...
Got a Tax Extension? Here's Why You Might Still Want to File Your Return in May
The Motley Fool via AOL· 4 hours agoBut if you weren't ready with your 2023 return at that time, you hopefully requested an extension....
Hundreds wait in long lines at IRS offices in Detroit to verify IDs and get tax refunds
Detroit Free Press· 3 days agoWhat's often billed as a friendly, no-appointment-needed, walk-in Saturday at the IRS turned into a...
IRS Delays Reporting Portion in Base Erosion Anti-Abuse Tax Rule
Bloomberg Law· 3 hours agoThe IRS and Treasury Department have again delayed some disclosure requirements under a regulation related to the base erosion anti-abuse tax, or BEAT. The reporting provision ...
Got a Tax Extension? Here's Why You Might Still Want to File Your Return in May
The Motley Fool· 4 hours agoThe good thing about a tax extension is that it gives you six extra months to get your return over to the IRS without incurring a failure-to-file penalty. As a point of clarity ...
IRS Notice: Extension of Phase-in Period for Enforcement, Administration of §871(m)
Bloomberg Law· 2 hours agoAdditional guidance is provided for complying with the final regulations with respect to dividend equivalents under I.R.C. §871(m), §1441, §1461, and §1473 (collectively referred to as the § ...