by usoftax_admin | Sep 29, 2023 | Tax News
Federal prosecutors in Texas are seeking $6.4 million in unpaid federal tax liabilities from a Dallas-area attorney and mediator who they claim failed to turn over federal taxes he withheld from payroll on behalf of employees at various businesses he owned and ran... by usoftax_admin | Sep 29, 2023 | Tax News
CPAs and other individuals who practice before the IRS can use the letter as a standard form for requesting tax information that was obtained as part of an inquiry into Circular 230 violations. by usoftax_admin | Sep 29, 2023 | Tax News
Federal prosecutors alleged Friday that a consultant for the IRS stole the tax return information of a high-ranking government official and thousands of the country’s wealthiest people and disclosed it to two news organizations, according to criminal charges... by usoftax_admin | Sep 29, 2023 | Tax News
A limited liability company’s online platform for buying and selling limited partnership interests in the company is not an established securities market for tax purposes, the Internal Revenue Service said Friday in a private letter ruling. by usoftax_admin | Sep 29, 2023 | Tax News
The Internal Revenue Service will not treat the redemption of money market fund shares as part of a wash sale, the agency said Friday. by usoftax_admin | Sep 29, 2023 | Tax News
The IRS and Treasury Department’s recent notice clarifying the treatment of specified research and experimental expenditures under Section 174 provides taxpayers and practitioners with substantive guidance, but it misses the mark in delineating which expenditures are...