Search results
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 9 hours agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...
Tax Treatment of the Sale of Social Club Assets Upon Liquidation
The National Law Review· 1 hour agoSince 1916, Congress has exempted from income taxation clubs formed to facilitate social interaction between its members. As a result, country clubs, hunting and fishing clubs, college sororities ...
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 4 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...
May 15th Is Just Two Weeks Away! Tax990 Offers A Simple Solution For Nonprofits To Meet The Form 990...
Digital Journal· 6 days agoMay 15, 2024, is the due date for nonprofits operating on the calendar tax year to e-file their 990 returns ...
940,000 Taxpayers Have Just 2 Weeks to Claim Part of the $1B theIRS Is Holding. See If You're Owed...
CNET· 6 days agoThe IRS is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but it won't be...
Last Minute Reminder: Filing Deadline For Most Tax-Exempt Organizations Is May 15
Forbes· 5 days agoWhile tax season is over for many taxpayers (except those of us still on extension), tax-exempt...
IRS Notifying Taxpayers Whose Data Was Accessed In Leak That Hit Billionaires And Trump
Forbes· 6 days agoThe IRS is now notifying more taxpayers who were impacted by the Littlejohn data breach. Former IRS contractor Charles Littlejohn illegally accessed and ...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability ofTax Credits...
JD Supra· 1 day agoThe final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications. The registration portal for transferring tax
IRS Publishes Proposed Regulations on Stock Buyback Excise Tax | JD Supra
JD Supra· 6 days agoThe Proposed Regulations generally follow the same approach...guidance would be effective only for transactions after April 12, 2024, the publication date of the Proposed ...
Monetizing Renewable Credits Part II - Final Regulations on Transfers of Renewable Credits | JD...
JD Supra· 6 days agoThe final regulations under § 6418 were issued approximately seven weeks after the final regulations under § 6417, relating to direct pay. Both sets of final regulations provide important guidance ...