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Tax Court Provides Helpful Guidance on Requirements for Tax-Free Profits Interests
29 May 2023 07:28 GMT
… in Revenue Procedure 93-27 (the “Revenue Procedure”).
The Revenue … Tax Court dismissed the IRS’s argument that the Revenue Procedure … , the Tax Court analyzed whether the Taxpayer would receive … the Revenue Procedure.
The Tax Court also permitted the taxpayer …
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In Los Angeles a Hollywood Man Arrested on Indictment Alleging He Fraudulently Sought Over $65 Million in COVID-19 Employment Tax Credits Through a Nonexistent Farming Business
29 May 2023 06:12 GMT
… million from the IRS by falsely claiming on tax returns that his … reduce the employment tax it owed to the IRS, also known as … authorized the IRS to give a credit against employment taxes to reimburse … the IRS for the payment of nearly $65.4 million in tax …
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McCarthy's debt-ceiling deal with Biden comes up short on his vow to reign in IRS
29 May 2023 02:15 GMT
… Taibbi’s 2018 and 2021 tax returns, and that he was … didn’t owe the IRS any taxes and in fact was due … a refund.
IRS whistleblowers have claimed … the IRS that is still getting almost $80 billion of taxpayer money …
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IRS funding cut won't hurt near-term tax collection, officials say
29 May 2023 00:14 GMT
… the short-term abilities of tax collectors, according to White House … funding away the Internal Revenue Service, but officials believe the IRS can make due …
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Dingell: I'm 'Really' 'Annoyed' by Cuts to IRS Staff in Debt Deal, But 'There Is Nothing I Can Do About It'
28 May 2023 21:59 GMT
… there are cuts for new IRS workers in the debt ceiling … she doesn’t think the IRS provision is going to be … money being invested in IRS workers. Those IRS workers were not going … , they were going after the revenue. They were going after the …
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Flight rich taxpayers catch up with New York
28 May 2023 19:51 GMT
… April by the Internal Revenue Service. They sort taxpayers by whether and … gone out, sending income tax revenue plummeting nationwide — that’s … dire. Federal individual income tax revenue is down a lot … York’s personal income tax revenue is almost 17% lower. …
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The Tax Implications of Holding Cash: 5 Things You Need to Know
28 May 2023 19:04 GMT
… time, there are many tax implications associated with holding … the IRS considers this one transaction for computing taxes owed … might help reduce overall tax liability by increasing deductions … an immediate tax deduction but offers tax-free withdrawals …
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5 Poker Tax Facts to Remember Heading into the 2023 WSOP
28 May 2023 17:08 GMT
… Your Taxes Today
State Taxes
Understanding the tax laws …
Professional vs Amateur Tax Classification
The distinction … can provide additional tax planning opportunities and potentially … IRS verifies the transfer with the Casino.
International players- Tax …
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Let's Have Work Requirements for the Super Rich and Their Massive Tax Breaks
28 May 2023 16:31 GMT
… opposed to raising more tax revenue, despite evidence that tax cuts enacted under … of revenue, $120 billion, by cutting funding for the IRS to enforce tax laws … 8.4 percent of individual tax revenues, both of which are very …
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Orlando Mortgage Loan Officer Pleads Guilty to Tax Evasion
28 May 2023 14:49 GMT
… to evading his federal income taxes.
According to court documents … exempt from any federal income tax withholding. During that same period … willfully did not file personal tax returns even though he … result, Donaldson caused a tax loss to the IRS of over $150 …