Tax lawyers say Americans who paid IRS penalties or interest during the COVID-19 emergency could qualify for refunds after a ...

Following a recent federal court ruling, millions of taxpayers who paid interest or penalties to the IRS during the COVID-19 ...

According to USA Today, taxpayers can determine if they’re owed a refund by checking their IRS tax account transcripts, which ...

On November 7, 2024, the U.S. Internal Revenue Service (the IRS) released Form 15620, 1 which standardizes elections under section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code,” ...

The last few years have seen the proliferation of so-called section 643(b) trusts. Although there are various iterations of these trust arrangements, a common purpose seems to permeate each of them: ...

Millions of Americans could qualify for a refund from the Internal Revenue Service stemming from the COVID-19 pandemic.

The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). [1] The modifications ...

A federal court ruling could mean millions of Americans are eligible for IRS refunds tied to the COVID-19 pandemic.

Section 1256 contracts include certain regulated futures contracts, foreign currency contracts and non-equity options. These contracts receive a unique tax treatment under the IRS code and are subject ...

The U.S. Department of the Treasury and IRS announced a correction to Internal Revenue Code Section 48 Proposed Regulations dealing with the new investment tax credit for biogas. The correction states ...