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IRS Announces Four Alternative Ways to Resolve Cases
WealthManagement.com· 13 hours agoThe Internal Revenue Service has announced four alternatives associated with the Appeals Alternative Dispute Resolution Program. Outside stakeholders...
You have a week to file your 2020 tax return before $1 billion in refunds are lost forever
USA Today· 5 hours agoMore than $1 billion in refunds are waiting to be claimed, but you only have a week to do so, the ...
D.C. Court of Appeals Strengthens IRS’ Ability to Collect Penalties for Not Reporting Foreign...
JD Supra· 22 hours agoUnder the Tax Court decision, penalties for failing to file a tax form for reporting ownership of foreign companies could only be collected through the IRS
The Importance Of IRS Form 8606 For Heirs Of IRAs
Forbes· 2 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 Issues New Regs on GST Allocations
WealthManagement.com· 11 hours agoTaxpayers must apply for a private letter ruling to get an extension.
IRS Direct File: 140K people used pilot program, but its future is unclear
WPRI Providence· 1 day agoThe government pilot program, rolled out this tax season in 12 states, allows people with very...
Mainers could be missing out on tax refunds
WMTW Portland· 18 hours agoThe IRS says more than $1 billion in tax refunds could go unclaimed. Typically, the filing deadline to claim old refunds falls around the tax deadline of April 15. If you ...
IRS Publishes Final Regulations for Transfer of Certain Credits | JD Supra
JD Supra· 22 hours agoOn April 30, 2024, the Internal Revenue Service (“IRS”) formally published final regulations governing the transfer of certain Federal income tax credits under Section 6418 ...
The super-rich have a tough time cashing their check | Sam Venable
Gannett via AOL· 9 hours agoSome belated spring cleaning…. ∎ I got my annual laugh from the Internal Revenue Service while perusing Form 1040. It was at the top of Page 5. “No checks of $100 million ...
With $15 Million At Stake, IRS Argues For Foreign Grantor Trust Status
Forbes· 2 days agoForeign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals...