IRS
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IRS Chief Receives NATP’s Inaugural Vanguard Award
Growth Seen in Pilot Program that Reduces Barriers to Finishing CPA Licensure Education Requirement
Armanino Integrates Generative AI Updates to Audit Ally
BGM Acquires Minneapolis-Based M&A Firm SealedBid
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AICPA Recommends Improvements to Regulations on Section 645, Election to Treat Trust as Part of an Estate
TD 9032 describes the procedures and requirements for making an election to have certain revocable trusts treated and taxed as part of an estate.
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3 Ways the IRS is Making it Easier for Small Business Owners to Do Their Taxes
Interacting with the agency should be less painful over the next decade as the IRS’s $80 billion spending plan is implemented.
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What Small Business Owners Need to Know About Crowdfunding and the IRS
Before launching a campaign, make sure you understand all of the tax implications of crowdfunding.
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‘IRS is Finally Answering the Phones’ But Tech Problems Persist
While IRS customer service is getting better, the agency is prone to stumble, particularly when technology is involved.
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Just 10 Electric Vehicles Qualify for Full $7,500 U.S. Tax Credit
GM, Tesla, and Ford all have at least one EV that qualifies, while Ford and Stellantis have one eligible plug-in hybrid model.
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Renowned CPA Fails to Prove NOLs
The Tax Court denied net operating loss carryforwards for a CPA who operated several Fuddruckers restaurants.
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Using a Go-Between for 1031 Exchanges
The favorable tax treatment isn’t automatic. To avoid current tax, you and the qualified intermediary must sign a "Qualified Exchange Accommodation Agreement."
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$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS
Taxpayers usually have three years to file and claim their tax refunds. If they don't file within three years, the money becomes the property of the U.S. Treasury.