IRS Reverses Course On Listed Transaction Penalties In New Guidance
The IRS quietly released an Action on Decision on January 2, 2025, which provides significant concessions to taxpayers ...
Stimulus update: IRS to send out $2.4 billion in outstanding checks from 2021
This month, the Internal Revenue Service says it will distribute about $2.4 billion in outstanding stimulus check funds to ...
IRS PLR: Private Foundation Set Aside Request for Renovation, Construction Project Approved (IRC §4942)
The IRS has published a private letter ruling on Section 4942, granting the taxpayer’s set-aside request. The taxpayer, a tax-exempt private foundation formed under a trust agreement and operating ...
Reading The Clues In IRS Guidance Plans: 2023-2025
The 2024-2025 PGP cites proposed regs (REG-124850-08), published May 8, 2024, that provide guidance on information reporting ...