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Microcaptive Promoter Celia Clark Settles IRS Promoter Penalties
Forbes· 2 days agoAs related in that article, the IRS assessed Clark with $11 million in penalties, Clark paid a...
Senior Center Stops IRS Bid to Resurrect $20 Million Adjustment
Bloomberg Law· 1 day 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.
How fast must you empty an inherited IRA account to comply with the IRS’s updated rules? Suze Orman...
AOL· 17 hours agoIf you’ve inherited an individual retirement account (IRA), there are new rules in the latest version of the Setting Every Community Up for Retirement Enhancement Act, SECURE 2.0. Previously ...
Tax Strategies And Schemes To Avoid Taxes At IRS Forefront | JD Supra
JD Supra· 2 days agoOn 4/11/24, the IRS wrapped up its 2024 Dirty Dozen List with a “warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore schemes designed ...
New IRS Ruling Guidelines Significantly Impact Tax-Free Spin-Offs | JD Supra
JD Supra· 5 days agoOn May 1, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) released Revenue Procedure 2024-24 (Revenue Procedure), which sets out substantially ...
IRS Changes Rules for Taxpayers in One State
Newsweek· 5 days agoThe Internal Revenue Service (IRS) said on Thursday that it will extend the tax filing period period for residents and companies in Ohio who were...
IRS Presses Appeals Court to Sustain Levy on Tax Scheme Promoter
Bloomberg Law· 2 days agoThe IRS properly denied an ex-accountant’s challenge to its proposed levy after he and his wife failed to give evidence of the losses they claim offset their tax liabilities ...
IRS should keep its free online tax prep and go bigger, say Sen. Elizabeth Warren and over 100...
Market Watch· 6 days ago“We believe that the IRS can offer free and easy tax filing to every American taxpayer who wants it...
Former IRS officer and his brother sentenced for scamming over $3M in loan relief funds
KRON via Yahoo Finance· 4 days ago(KRON) — A former IRS officer, Frank Mosley, 58, of Oakland, and his brother Reginald Mosley, 60, of...
Investigator says Feeding Our Future defendants shared lists of fake names of children
Minnesota Reformer via Yahoo News· 1 day agoAn IRS investigator testified Monday that Feeding Our Future defendants submitted the names of...