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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· 19 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· 1 day 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· 58 minutes agoAccording to an annual report by the National Taxpayer Advocate, “Individuals who are victims of tax-related identity theft are waiting an average of nearly 19 months for the IRS< ...
American families are struggling with debt. When it gets forgiven, the tax code treats it like extra...
Fortune via AOL· 6 days agoFor many families, this exercise was a painful reminder of an aspect of their financial life they...
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...
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 ...
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...