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At Close: Jul 31, 2026
This summer, the IRS issued interim regulations clarifying that excess deductions from a Trust or an Estate can pass out to beneficiaries. In the early fall, the IRS issued final regulations to the same effect.
This is the second of a two-part series that pertain to year-end financial planning. The first column appeared a week ago Sunday in both The Record and The Saratogian. Prior to identifying those areas that can help you reduce your taxes regarding your mutual fund holdings, it is prudent to briefly review the IRS rules []
President Joe Biden and Democrats are hoping to squeeze an extra $200 billion in tax revenue out of American taxpayers by mostly targeting working and middle class households with Internal
Hakim Amal Archible has been sentenced for filing false liens against federal government officials, including former IRS Commissioner John Koskinen and former U.S. Treasury Secretary Jacob Lew.
Internal Revenue Service (IRS) is going to seize ten-digit sums in digital assets in the coming year
Families who want to update or change payment information for the last child tax credit check of the year must do so by Nov. 29, according to the IRS.
PLUS-up stimulus checks worth $1,400 could be coming to an end soon so, when do they finish and are you eligible? The latest round of IRS stimulus payments are set to finish on December 31, 2021. The IRS is promising to pay out eligible recipients every week until the deadline, which was set in []
The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning January 1, 2022. The rates are: Three (3) percent for individual overpayments
On November 10, 2021, the IRS released Rev. Proc. 2021-45 setting forth calendar year 2022 methodologies for establishing private activity bonds volume cap (state ceiling)
The IRS recently issued FAQs to address workforce issues and labor shortages resulting from the COVID-19 pandemic. The guidance seems to be in response to well-publicized labor shortages affecting schools and the education industry, although it is not limited to that industry. The FAQs reaffirm prior IRS guidance, but may give comfort to employers who are contemplating rehiring retirees as they try to manage workforce issues related to the pandemic. By: Morgan Lewis - ML Benefits

Pre-Thanksgiving ACA Reporting Relief Thats No Turkey

06:51pm, Wednesday, 24'th Nov 2021 JD Supra
Just three weeks ago, we wrote that employers likely would not receive certain Affordable Care Act reporting relief to which theyve become accustomed. But in a welcome turn of events, the IRS just released proposed regulations that make permanent a 30-day automatic extension for furnishing Forms 1095-B and 1095-C to individuals... By: Jackson Lewis P.C.
Monday was the deadline for 3.5 million federal workers to get their first COVID-19 shot, and 92 percent reported that they were at least partially vaccinated.
If Congress acts before the last payments on Dec. 15, the IRS may be able to quickly get the money to families like it did with stimulus checks.
IRVINE, Calif., Nov. 24, 2021 /PRNewswire/ -- In today''s post 911 world, the value of privacy is at an all-time high. Many U.S. taxpayers simply do not realize how exposed their financials already may be, both to third parties and the federal government. Based on statements made recently
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