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Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 3 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 29, 2024 – May 3, 2024. April...
Robocall Campaign Pushing Fake Tax Relief Gets Cease And Desist | JD Supra
JD Supra· 4 days agoCommunication Commission (FCC) Enforcement Bureau issued a cease-and-desist letter against Veriwave Telco due to an illegal robocall campaign pertaining to a “National Tax ...
IRS T.D.: Relief Provisions Respecting Timely Allocation of GST Exemption, Certain GST Elections...
Bloomberg Law· 7 days agoFinal regulations that provide guidance describing the circumstances and procedures under which an extension of time will be granted to make certain allocations and elections related to the generation-skipping transfer ...
Treasury Department and IRS Issue Final Regulations Regarding the Transferability ofTax Credits...
JD Supra· 4 days agoThe final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications. The registration portal for transferring tax
IRS Issues FAQs On Retirement Plan Distributions And Loans Following Major Disasters
Forbes· 2 days agoThe IRS has answered some frequently asked questions (FAQs) relating to rules for distributions from...
Final Treasury Regulations Implement a 10-Year Transition Rule for Existing Domestically Controlled...
JD Supra· 8 hours agoThe Final Regulations, however, introduce an important 10-year transition...
Ask the Expert: House of Representatives Passes $78 Billion Tax Package
Central New York Business Journal· 5 days agoOn January 31, the House of Representatives overwhelmingly passed the Tax Relief for American...
Bloomingdale man gets 9 years in prison for tax evasion, fraud
AOL· 3 days agoA DuPage County man will spend 9 years behind bars after being found guilty of tax evasion, wire fraud and mail fraud.
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 2 days agoOn April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election ...
IRS Issues 401(k) Disaster Relief Guidance FAQ Under SECURE 2.0
Bloomberg Law· 6 days agoA landmark federal retirement law allows for special purpose distributions of up to $22,000 of qualified disaster recovery distributions from eligible 401(k), 403(b), and IRA plans, the IRS said in a new fact sheet.