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GOP senators demand probe of nonprofit groups linked to pro-Palestinian campus protests
The Hill via Yahoo News· 3 hours agoA coalition of Republican senators are demanding an investigation into the nonprofit organizations...
Biden’s Top Economic Advisor Lays Out Principles for Tax Fight Ahead
The Fiscal Times via Yahoo Finance· 2 minutes agoWith many of the 2017 Republican tax cuts set to expire after next year, the White House and...
IRS urged to probe tax-exempt groups supporting anti-Israel protests
Fox News· 15 hours agoSen. Joni Ernst, R-Iowa, called on Internal Revenue Service (IRS) Commissioner Danny Werfel in a...
IRS PLR: Private Foundation Set Aside Request for Construction Project Approved (IRC §4942)
Bloomberg Law· 4 hours agoThe IRS has published a private letter ruling on Section 4942, granting the taxpayer’s set-aside request. The taxpayer, a tax-exempt private foundation formed under a trust agreement and operating exclusively ...
IRS PLR: Failure to Identify Interest Rate Cap as Hedging Transaction Inadvertent Error (IRC §856)
Bloomberg Law· 5 hours agoThe IRS has published a private letter ruling on Section 856 and Section 1.1221-2, regarding taxpayer’s failure to identify an interest rate cap a hedging transaction for federal tax purposes. ...
IRS 2024 Dirty Dozen Highlights Major Tax Scams, Including Abusive Tax Schemes
The National Law Review· 1 day agoEach year, the Internal Revenue Service (IRS) releases a Dirty Dozen list highlighting twelve tax...
IRS PLR: Extension of Time Granted to Change Accounting Period (IRC §9100)
Bloomberg Law· 4 hours agoThe IRS has published a private letter ruling on Treasury Regulation Section 301.9100 regarding extensions of time to change an accounting period for federal income tax purposes. [PLR 202419014]
Kokua Line: Why is IRS questioning my identity?
Honolulu Star-Advertiser· 7 hours agoQuestion: I received an IRS inquiry form via U.S. mail. Answer: The IRS flags millions of income tax returns each year for potential identity theft, and...
IRS PLR: Substitute Mortality Tables for Actuarial Assumptions in Retirement Plans Approved (IRC...
Bloomberg Law· 4 hours agoThe IRS has published a private letter ruling on Section 430, granting the taxpayer’s request to use base substitute mortality tables for making computations for actuarial assumptions in retirement plans, ...
On This Day, May 10: IRS apologizes for targeting Tea Party, 'patriots'
United Press International via Yahoo News· 16 hours agoFile Photo by Kevin Dietsch/UPI May 10 (UPI) -- On this...