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When will the IRS stop ballooning its budget request?
Mountain Home News· 7 days agoIn his fiscal year (FY) 2025 budget proposal, President Biden requested Congress provide an unprecedented $104 billion in additional funding for the Internal Revenue Service (IRS< ...
IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
CNBC· 5 days agoThere is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns...
IRS Proposes Interest Capitalization Tweaks on Property Upgrades
Bloomberg Law· 13 hours agoThe IRS proposed regulations Tuesday that would change rules around interest capitalization requirements for improvements to designated property, removing some rules and modifying ...
Prince Harry, Meghan Markle’s foundation back in business after Archewell declared ‘delinquent’
Page Six· 1 hour agoPage Six revealed Monday that Harry and Markle’s foundation had been declared “delinquent” by...
Death, Taxes, and Crypto Reporting – The Three Things You Cannot Escape
The National Law Review· 1 day agoThe IRS released a draft of Form 1099-DA “Digital Asset Proceeds from Broker Transactions” in April...
Michigan woman charged for attempting to steal $60K while posing as IRS agent
MLive.com· 3 hours agoIf convicted, the woman could face 20 years in prison.
On This Day, May 10: IRS apologizes for targeting Tea Party, 'patriots'
United Press International via Yahoo News· 5 days agoFile Photo by Kevin Dietsch/UPI May 10 (UPI) -- On this...
IRS Audit of Trump Could Cost Former President More Than $100 Million
Talking Points Memo· 3 days agoFormer President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from...
IRS PLR: Failure to Identify Interest Rate Cap as Hedging Transaction an Inadvertent Error (IRC...
Bloomberg Law· 2 days agoThe IRS has published a private letter ruling on Section 856 and Treasury Regulations Section 1.1221-2 regarding the taxpayer’s failure to identify an interest rate cap as a hedging transaction ...
The Risks of an IRS Quiet Disclosure | JD Supra
JD Supra· 2 days agoWhat are the risks of an IRS quiet disclosure? Is there a formal IRS process known as a "quiet disclosure," and does the IRS honor this ...