The Internal Revenue Service has released new procedures for shareholders that want the IRS’s automatic consent for changing to or from the net asset value method of accounting for gains or losses on shares in a money market fund.
The Internal Revenue Service has released new procedures for shareholders that want the IRS’s automatic consent for changing to or from the net asset value method of accounting for gains or losses on shares in a money market fund. READ MORE »
Most tax practitioners occasionally find themselves in the position of having to deal with clients who have received penalties for late filing of tax returns or late payment of income taxes. READ MORE »
The Big Four firms have sent a letter to Treasury Secretary Jacob Lew asking for withdrawal of proposed regulations on the tax treatment of corporate debt and equity. READ MORE »
The state tax arena is more complex and ambiguous than ever. For the 16th consecutive year, the Bloomberg BNA Survey of State Tax Departments seeks to clarify tax positions for all 50 states, plus the District of Columbia and New York City. CLICK HERE TO VIEW. »
U.S. Treasury Secretary Jacob J. Lew is set to meet with European Union antitrust chief Margrethe Vestager this week as she prepares to deliver a final verdict on a probe into Apple Inc.’s tax affairs in Ireland. READ MORE »
A left-leaning advocacy group has filed a complaint against Donald Trump with the Internal Revenue Service accusing the presumptive Republican presidential nominee of violating the law for using money from his tax-exempt charitable foundation to buy an autographed football helmet and jersey from NFL player Tim Tebow. READ MORE »
