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5 Things You Should Know Now About IRS Form 3520-A
Forbes· 1 day agoU.S. persons with interests in foreign trusts often have complicated international reporting obligations. Aside from an IRS Form 3520, these persons may ...
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Forbes· 1 day agoThe reality is filing the Form 706 is not only best practice. Over the past few years, there have...
Crypto Broker Reporting Regulations Should Avoid Mismatch Risk
Bloomberg Law· 1 day agoThe IRS’s April 19 release of the draft Form 1099-DA—which will be used to report certain sales and exchanges of digital assets on or after Jan. 1, 2025 ...
IRS council recommends raising jackpot withholding level to $5,800
Las Vegas Review-Journal· 2 days agoIt’s a frustrating process: You have to sit at your machine to wait for an attendant who collects...
Three tax refunds that are raising alarms with IRS
Newsweek· 6 days agoThe IRS is warning taxpayers they may need to amend their returns if they filed for three specific tax credits. Many Americans may have fallen victim to...
‘Is he trying to launder money?’ I loaned a friend $30,000. Now he wants to pay me back using an...
Market Watch· 2 hours agoYou were perhaps asking for trouble, or at least asking trouble to RSVP, by loaning $30,000 to your...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 16 hours agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
IRS Distributes New Ruling Requirements for Corporate Spin-Off Transactions | JD Supra
JD Supra· 1 day agoEarlier this month, the IRS released Revenue Procedure 2024-24, which sets forth new requirements for requests for private letter rulings ("PLRs") on corporate spin-off and ...
New Safe Harbor for the Domestic Content Bonus Tax Credit
The National Law Review· 17 hours agoLate last week, the Internal Revenue Service (“IRS”) and Department of the Treasury issued highly...
Baton Rouge entrepreneur develops barter system for small business owners
WBRZ 2 Baton Rouge· 22 minutes agoA community-backed currency is gaining traction among business owners across the state. The alternative form of payment is called Moxey, and it is used within a network of ...