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5 Things You Should Know Now About IRS Form 3520-A
Forbes· 23 hours 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· 23 hours 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· 20 hours 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...
...Want to Give Money to My Son and Daughter-in-Law. How Much Can I Give Without Incurring a Tax...
SmartAsset via Yahoo Finance· 8 hours agoHow much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS?...
25 Investigates: Identity theft tax fraud leading to long waits for refunds
FOX 25 Boston· 2 hours agoAccording to an annual report by the National Taxpayer Advocate, “Individuals who are victims of...
IRS Distributes New Ruling Requirements for Corporate Spin-Off Transactions | JD Supra
JD Supra· 21 hours 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 ...
Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 21 hours agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
Three tax refunds that are raising alarms with IRS
Newsweek· 5 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...
Tax Court Strikes out Smoltz and Klesko’s Big K SCE, but Provides Relief for Those Facing Fraud...
The National Law Review· 6 hours agoIn the late 1990s, former Atlanta Braves players John Smoltz and Ryan Klesko formed Big K Farms...