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IRS Issues New Regs on GST Allocations
WealthManagement.com· 1 hour agoTaxpayers must apply for a private letter ruling to get an extension.
IRS Generation-Skipping Transfer Tax Rules Ease Request Process
Bloomberg Law· 1 day agoThe IRS’s final rules detailing when taxpayers can get more time to use the generation-skipping transfer tax exemption streamlines the process of requesting that extension.
Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
JD Supra· 11 hours 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 ...
Weekly IRS Roundup April 29 – May 3, 2024
The National Law Review· 1 day 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...
IRS Says Audits Are About to Surge, and Shares Who Will Be Targeted
Best Life· 5 days agoTaxpayers can breathe a sigh of relief knowing the 2023 tax year is over—for the most part at least....
Money Talk: IRS extends excise tax relief for missed RMDs
Portsmouth Herald via Yahoo Finance· 6 days agoDavid T. Mayes is a CERTIFIED FINANCIAL PLANNERTM professional and IRS Enrolled Three Bearings...
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 5 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...
Relief Extended from Certain Required Minimum Distribution Requirements for Beneficiaries | JD Supra
JD Supra· 11 hours agoThe IRS on April 16, 2024, released Notice 2024-35, which extends previously issued temporary relief from certain required minimum distribution (RMD) requirements ...
6 Hybrid Vehicles To Stay Away From Buying
GOBankingRates via Yahoo Finance· 3 days agoNot all hybrid cars are created equal. While some models offer excellent fuel efficiency, reliability and performance, others fall short. With so many...
IRS Adds Generation-Skipping Transfer Deadline Relief After 16 Years | ThinkAdvisor
ThinkAdvisor· 2 days agoThe 2001 procedure requires a taxpayer to show the IRS that the “taxpayer acted reasonably and in...
