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IRS PLR: Extension of Time Granted to Make Qualified Terminable Interest Property Election (IRC...
Bloomberg Law· 3 hours agoThe IRS has published a private letter ruling on Treasury Regulations Section 301.9100 and Section 2056, regarding extensions of time to make a qualified terminable interest property election for federal ...
IRS to increase audits for 2 specific groups and reduce for others
The Cleveland Plain Dealer· 2 hours agoThe Internal Revenue Service (IRS) plans to ratchet up its audits for wealthier Americans and major...
IRS PLR: Extension of Time to Assess Branch Profits Tax Granted (IRC §884)
Bloomberg Law· 4 hours agoThe IRS has published a private letter ruling on Section 884 granting the taxpayer, a foreign corporation organized in Country A and owned by an individual, a Country B citizen ...
IRS PLR: Extension of Time to Make Corporation Classification Election Granted (IRC §7701)
Bloomberg Law· 2 hours agoThe IRS has published a private letter ruling on Sections 7100 and 9100 of the Procedure and Administration Regulations, granting the taxpayer an extension of time of 120 days to ...
IRS extends remote work pilot, in bid to ‘keep up’ with workforce expectations
Federal News Network· 24 hours agoRecent data from the Treasury Department found job postings advertising remote work yielded the most...
IRS says layoffs possibly by 2026 without sustained funding boost
Government Executive· 1 day agoThe cutbacks could come in the form of separation incentives, followed by furloughs and, as a last...
IRS T.D.: Relief Provisions Respecting Timely Allocation of GST Exemption, Certain GST Elections...
Bloomberg Law· 7 hours agoFinal regulations that provide guidance describing the circumstances and procedures under which an extension of time will be granted to make certain allocations and elections related to the generation-skipping transfer ...
2024 Tax Refund Still Hasn't Arrived? Here's How to Track It
CNET· 4 days agoIf you filed your tax return weeks ago and still haven't received your refund money, it could be for...
Weekly IRS Roundup April 22 – April 26, 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 22, 2024 – April 26, 2024....
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 14 hours 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 ...