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Senior Center Stops IRS Bid to Resurrect $20 Million Adjustment
Bloomberg Law· 18 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.
IRS PLR: Extension of Time Granted to Elect to be Classified as a Partnership (IRC §7701)
Bloomberg Law· 21 hours agoThe IRS has published a private letter ruling on Treasury Regulations Section 301.9100 and Section 301.7701 regarding extensions of time to make an election to be classified ...
IRA Heirs Can Delay RMDs Another Year, But Should They?
Forbes· 1 day agoThe IRS recently announced that in 2024, for the fourth consecutive year, IRA beneficiaries don’t...
Weekly IRS Roundup May 6 – May 10, 2024
The National Law Review· 5 days agoRevenue Ruling 2024-09, which provides the May 2024 applicable federal rates. Notice 2024-35, which provides guidance related to certain specified...
IRS whistleblowers ask judge to dismiss Hunter Biden's lawsuit against the tax agency
CBS News· 3 days agoTwo IRS employees who were granted whistleblower protections to share their concerns about the...
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...
Three tax refunds that are raising alarms with IRS
Newsweek· 5 days agoThe IRS is warning taxpayers they may need to amend their returns if they filed for three specific tax credits. Many Americans may have fallen victim to...
Tax Law Update: June 2024
WealthManagement.com· 13 hours agoThe most pressing tax law developments of the past month.
Baker McKenzie Drops Suit Against IRS Seeking Details on Partnership Crackdown | National Law...
Law.com· 18 hours agoService to obtain information about how the federal agency plans to audit large business...
Kokua Line: Why is IRS freezing so many tax refunds?
Honolulu Star-Advertiser· 2 days agoQuestion: Regarding the IRS questioning someone’s identity (808ne.ws/3QPaLph), is this more likely if the person claimed certain credits? Answer: Yes,...