Senators taking action as frustration builds over IRS backlog
"The IRS was sending out these automatic notifications, frankly, just kind of scaring people," said Senator Mark Warner (D-Va.).
Source: wtkr.com
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5th Circ. Says Oil Dealers Due $4.5M For Cleanup Fees
The federal government must refund $4.5 million in fees on crude oil exports to Texas commodities traders, the Fifth Circuit ruled, saying the Founding Fathers' ban on export taxes meant to further trade policy extends to environmental policy.
Source: law360.com
167-Year Old Crane Co. Honors Founder's Legacy by Combining Philanthropic Mission With Long-Established Chicago Roots | Illinois
STAMFORD, Conn.--(BUSINESS WIRE)--Mar 24, 2022--
Source: wsiltv.com
Law in the Marketplace: Talking qualified business income deduction tax
Like it or not, we’re now deep in the heart of tax time. As you may know, Internal Revenue Code Section 199A provides to most owners of New Hampshire businesses a 20% annual federal income tax deduction from their shares of the income of their...
New Hampshire United States John Cunningham Mclane Middleton Internal Revenue Code Section New Hampshire Business Profits Tax
Source: concordmonitor.com
Timely Estate Strategies For An Opportune Moment - Palisades Hudson Financial Group
Taxpayers may want to take advantage of various strategies to make the most of the current estate tax rules while they remain in effect.
Source: palisadeshudson.com
Congress, IRS Move to Improve Taxpayer Compliance for Cryptocurrency
IRS Commissioner Charles Rettig estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion. While there is some debate as to how much lax reporting on cryptocurrency transactions contributes to this so-called tax gap.
Source: natlawreview.com
Congress, IRS Move to Improve Taxpayer Compliance for Cryptocurrency
IRS Commissioner Charles Rettig estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion. While there is some debate as to how much lax reporting on cryptocurrency transactions contributes to this so-called tax gap.
Source: natlawreview.com
The Annual Exclusion For Gift Taxes Has Increased To $16,000 – What Issues Should I Consider? - Family and Matrimonial
In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year.
New Jersey United States Options For Gifts Federal Gift Taxes Custodial Accounts Have Significant Internal Revenue Code Section
Source: mondaq.com
Congress and the IRS Make Moves to Improve Taxpayer Compliance for Cryptocurrency Transactions | Proskauer - Blockchain and the Law
IRS Commissioner Charles Rettig, testifying before Congress in April 2021, estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion.
United States Charles Rettig Us Senate Committee On Taxation Committee On Taxation We Infrastructure Investment
Source: jdsupra.com
Annual Exclusion Federal Gift Taxes Increased to $16,000 for 2022
2022 annual exclusion for Federal Gift Taxes increased to $16,000 per person per year, issues to consider before making gifts if the recipient is under 21, Drawbacks of Custodial Accounts UTMA
New Jersey United States Options For Gifts Federal Gift Taxes Custodial Accounts Have Significant Internal Revenue Code Section
Source: natlawreview.com