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IRS PLR: ‘Portability’ Election Extension Granted (IRC §2010)
Bloomberg Law· 17 hours agoThe IRS has published a private letter ruling on Section 2010 and Treasury Regulation Section 301.9100 regarding the extension of time to make a portability election for federal tax purposes. ...
IRS Highlights Most Common Tax Scams For 2024
Forbes· 4 days agoA concise overview of the primary scams highlighted by the IRS for 2024, along with suggestions for safeguarding yourself.
Loss in IRS audit fight over Chicago tower could cost Trump $100 million–plus
Market Watch· 2 days agoThe report said Trump initially reported losses of $658 million in his 2008 filings under the...
IRS issues final reminder on $1 billion in tax refunds
Newsweek· 5 days agoInternal Revenue Service has issued a final reminder to taxpayers who may have missed out on...
IRS boosts health savings account contribution limits for 2025
CNBC· 5 days agoThe IRS has unveiled the 2025 contribution limits for health savings accounts, which are triple-tax...
IRS: Nearly $10 million in unclaimed refunds available for Arkansans
KNWA Fayetteville via Yahoo Finance· 1 day agoOn May 6, the IRS said more than $938 million in refunds remained unclaimed for those who have yet...
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
MSN News· 22 hours agoThe IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning,...
IRS Audit of Trump Could Cost Former President More Than $100 Million
Talking Points Memo· 2 days agoFormer President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from...
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 6 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 29, 2024 – May 3, 2024. April...
Ippei Mizuhara, ex-interpreter for MLB star Shohei Ohtani, likely to plead not guilty as a formality
CW39 NewsFix· 1 hour agoLOS ANGELES (AP) — The former interpreter for Los Angeles Dodgers star Shohei Ohtani is expected to...