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IRS Announces Four Alternative Ways to Resolve Cases
WealthManagement.com· 7 hours agoThe Internal Revenue Service has announced four alternatives associated with the Appeals Alternative Dispute Resolution Program. Outside stakeholders...
The $230 billion donor-advised fund industry gets an IRS hearing
WWTI Watertown· 4 hours agoWASHINGTON (AP) — Congress and the Biden administration are considering what, if anything, should be...
IRS Issues New Regs on GST Allocations
WealthManagement.com· 5 hours agoTaxpayers must apply for a private letter ruling to get an extension.
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 1 day 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...
IRS Direct File: 140K people used pilot program, but its future is unclear
WPRI Providence· 1 day agoThe government pilot program, rolled out this tax season in 12 states, allows people with very...
IRS Eyes Tax Basis Adjustments in Large Partnership Audits
Bloomberg Law· 4 hours agoIRS auditors are looking at how large partnerships are adjusting the tax basis of their assets as a part of a new campaign to audit pass-through entities, an agency official said.
IRS Can Change Approach to $50 Million Partnership Sales Lawsuit
Bloomberg Law· 6 hours agoThe IRS can offer an alternative reason for adjusting a Florida partnership’s federal income taxes after it reported more than $50 million in gains from selling smaller companies with land interest, the US Tax Court said.
IRS: $1 Billion in Unclaimed Tax Refunds, File Deadline May | Entrepreneur
Entrpreneur· 1 day agoThe IRS estimates that it has more than $1 billion in unclaimed refunds due to one million Americans...
IRS Publishes Final Regulations for Transfer of Certain Credits | JD Supra
JD Supra· 15 hours agoOn April 30, 2024, the Internal Revenue Service (“IRS”) formally published final regulations governing the transfer of certain Federal income tax credits under Section 6418 ...
'I pay what I owe': Mark Cuban says he wired $275.9 million to the IRS because he's 'proud' to pay...
MSN News· 12 hours agoIt’s a good day for the IRS.