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IRS Extends Relief from RMD Rules in 2024 | JD Supra
JD Supra· 14 hours agoThe latest relief extends the transitional relief that the IRS previously issued in Notice 2022-53 (“2022 Notice”) and Notice 2023-54 (“2023 Notice”). In 2019, Congress passed ...
IRS may owe you $932; How to file claim before May 17 deadline
The Cleveland Plain Dealer· 2 days agoMore than $1 billion in tax refunds remain unclaimed due to people not yet filing their 2020 tax...
IRS Issues Proposed Foreign-Trust Regulations
WealthManagement.com· 5 hours agoOn May 7, 2024, the U.S. Treasury and Internal Revenue Service issued proposed regulations that provide guidance regarding information reporting of...
IRS Wins $5.2 Million in Microcaptive Business Tax Penalty Case
Bloomberg Law· 1 day agoThe US District Court for the Southern District of Florida granted judgment in favor of the government on May 14 after the US reached a settlement agreement with attorney Celia Clark in April ...
Terrible tax tips promoted on social media trigger big refund headaches for 2023 returns
Detroit Free Press via Yahoo Finance· 1 day agoThe IRS said returns filed by individuals and tax preparers who knowingly claim a credit to which...
Tax Authorities of the World Unite? Not Quite, But the IRS Joins the Movement to Tax the Rich | JD...
JD Supra· 2 days agoEarlier this year, the OECD observed there has been a significant increase in global wealth inequality over the last two decades. Then, in March, the United Nations’ Subcommittee on Wealth Taxes ...
It’s your last chance to get a tax refund. Don’t miss it, IRS says
NJ.com· 2 days agoIRS) said. You usually have three years to file tax returns, but because the tax deadline was...
Death, Taxes, and the Sale of Business Interests | JD Supra
JD Supra· 14 hours agoIntroduction: What is Estate Tax and Who Has to Pay? Over 200 years have passed since Benjamin Franklin famously wrote, “in this...
8 States To Move to If You Don’t Want To Pay Taxes on Social Security
GoBankingRates via AOL· 3 days agoNot all states tax equally. In fact, some states impose a tax on the money you withdraw from Social...
Significant civil and criminal tax penalties for non-reporting of cryptocurrency transactions
Reuters· 1 day agoOn Aug. 29, 2023, Treasury and the IRS published proposed regulations that, if finalized, will require brokers (including digital asset trading platforms, digital asset < ...
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