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More Flexibility Urged for Energy Tax Credit Direct Pay Option
Bloomberg Law· 8 hours agoThe Tax Law Center at New York University School of Law urged the Treasury Department and IRS to allow for greater flexibility for eligible members of a partnership to elect ...
Court filings vindicate IRS whistleblowers in face of Hunter Biden legal team attacks
Just the News· 7 days agoThe government quietly confirmed in a recent court filing the IRS whistleblowers in the Hunter Biden...
JD Supra: Newly Proposed Regulations on Stock Buyback Excise Tax Largely Adopt Approach From Initial...
JD Supra· 2 days agoOn April 12, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) issued proposed regulations (89 FR 25980 and 89 FR 25829) on the excise tax on stock ...
Kokua Line: Why is IRS freezing so many tax refunds?
The Honolulu Star-Advertiser via Yahoo Finance· 2 days agoMay 19—Select an option below to continue reading this premium story. Already a Honolulu Star-Advertiser subscriber? to continue reading. Get unlimited access From as low as $12.95 /mo. Question ...
IRS Official Urges Budget Support in Face of Coming Tax Shifts
Bloomberg Law· 4 days agoComing changes to US fiscal policy will require ongoing budget support for the IRS to cement recent customer service gains, an IRS official said Friday.
IRS Sued for Denying $70 Million Conservation Easement Deduction
Bloomberg Law· 3 days agoThe IRS should allow a $70 million charitable contribution tax deduction for a partnership’s donation of a conservation easement, the donor said in a US Tax Court petition ...
IRS News Release: Filing, Payment Deadlines Postponed for Taxpayers Affected by Ohio Tornadoes (IRC...
Bloomberg Law· 5 days agoTax relief for individuals and businesses in Ohio that were affected by tornadoes that began on March 14, 2024, the IRS announced. These taxpayers now have until Sept. 3, 2024, ...
HILL TAX BRIEF: IRS Warns ‘Funding Cliff’ Could Hit Tech Hard
Bloomberg Law· 7 days agoThe IRS is warning that funding constraints will hamper its ability to make progress on one of its top priorities: modernizing its aging technology.
Everyday Americans would benefit from streamlined, reformed tax code
Las Vegas Sun· 4 days agoThe IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes...
Proposed Regulations Issued on the Excise Tax on Repurchases of Corporate Stock
The National Law Review· 7 hours agoSection 4501 generally imposes a nondeductible 1% excise tax (the “Tax”) on stock repurchases[2] and...