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The Importance Of IRS Form 8606 For Heirs Of IRAs
Forbes· 6 days agoHere’s a way for saving, potentially, thousands in taxes on IRAs, including on those that you inherit: To get started, learn all about the IRS Form 8606...
IRS PLR: Private Foundation Set Aside Request for Construction Project Approved (IRC §4942)
Bloomberg Law· 2 days agoThe IRS has published a private letter ruling on Section 4942, granting the taxpayer’s set-aside request. The taxpayer, a tax-exempt private foundation formed under a trust agreement and operating exclusively ...
Just 3 Business Days Left Before May 15th 990 Deadline; Tax990 Simplifies 990 Filing for Nonprofits...
Digital Journal· 2 days agoWith the May 15 deadline for 990 series forms just 3 business days away, nonprofits and tax-exempt organizations (those that follow the calendar tax year) may find themselves in the midst of ...
How Long Are You Required To Keep Your Old Tax Returns?
Forbes· 22 hours agoAs you complete your 2023 taxes, you may wonder how long you are required to keep your old tax...
FAT Brands Chairman Andy Wiederhorn Accused of Hiding $47 Million from Federal Agents and Investors
QSR· 2 days agoWiederhorn, assisted by former FAT...taxes. This also caused FAT Brands to violate a federal law...
IRS Issues New Regs on GST Allocations
WealthManagement.com· 4 days agoTaxpayers must apply for a private letter ruling to get an extension.
Tax990 Simplifies 990-PF Filling For Private Foundations
Digital Journal· 6 days agoROCK HILL, SC / ACCESSWIRE / May 6, 2024 / As the May 15, 2024 deadline for filing 990 series tax returns approaches, nonprofit organizations operating on a calendar tax year across the nation ...
Washingtonians have $31 million in unclaimed tax refunds. How to file by May 17 deadline
Bellingham Herald McClatchy via AOL· 3 days agoSome people may not realize they may be owed a refund.” But even with the extension, the IRS...
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 5 days agoOn April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election ...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability of Tax Credits...
JD Supra· 7 days agoThe registration portal for transferring tax credits is open, and no significant changes have been made to the registration process. Treasury and the IRS reject relief from ...