— The Internal Revenue Service encouraged thousands of tax-exempt organizations today to file their taxes ahead of their filing deadline.
From
— To help celebrate this year’s Public Service Recognition Week, the Internal Revenue Service today recognized two IRS teams that reached the finals for the 2024 Samuel J. Heyman Service to America Medals.
― The Internal Revenue Service today reminded the 1 million people who didn’t file their tax year 2020 returns they may be eligible for a refund if they file by the May 17 deadline.
— The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-19, relating to rules for distributions from retirement plans and IRAs and for retirement plan loans, for certain individuals impacted by federally declared major disasters.
— The Internal Revenue Service issued final regulations today for the new and previously owned clean vehicle credits.
— The Internal Revenue Service today released an update on the Strategic Operating Plan, a blueprint outlining future plans for the agency’s transformation work and highlighting dozens of improvements for taxpayers since passage of the Inflation Reduction Act.
— The Internal Revenue Service reminds taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11.
From
The proposed regulations implement Secs. 643(i), 679, 6039F, 6048, and 6677, which were added or modified to prevent efforts by U.S. taxpayers to use foreign trusts and offshore arrangements to avoid U.S. taxes.
The final regulations, which the IRS issued Friday, also provide rules regarding the critical mineral and battery component requirements for the new clean vehicle credit, and they add a new test for mineral content.
The IRS aims to improve service on the tax practitioner phone line and build a better online account for tax professionals, Commissioner Danny Werfel said Thursday.
A notice of deficiency’s petition filing deadline controls despite, in an ‘obvious mistake,’ being more than a year after the notice’s mailing date.
Rejection of the taxpayer’s proposed collection alternatives was ‘hasty,’ the Tax Court finds.
Building on busy season’s lessons learned, CPAs can turn to optimizing performance going forward.
The Tax Court rebuffs the taxpayer’s argument that the Sec. 4973 tax is actually a penalty.
From
For Olympics-goers and just plain vacationers, here are new accommodations that offer a special taste of France, Italy and Greece.By Stephanie Rosenbloom
The Invisible Institute, a nonprofit newsroom with roughly a dozen journalists, was recognized for local and audio reporting.By Benjamin Mullin
New Ho King, open since 1976 in Toronto, has become an unlikely pop-culture battleground after being featured in songs from both rappers.By T.M. Brown
The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.By Erin Griffith
Companies like Lego and Mattel have divisions that seek out design concepts directly from collectors and other highly dedicated fan bases.By Isaac Aronow
The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.By Michael Levenson
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.By Peter S. Goodman
From
From my personal experience as a young CEO, I discovered that too many businesses think more sales means it’s time to scale. However, that’s not the whole picture.
Excellence in client experience isn’t just a strategy; it’s a culture that should permeate every level of your organization.
The following recommendations are geared toward helping customers develop more of an affinity for your brand.
I believe that understanding the significance of CRM software as well as the best practices for integrating, adopting and implementing this tool has become paramount.
Triomics has raised $15 million of funding as it moves to commercialise its AI platform for oncologists, hospitals and healthcare providers
Great leaders know that leadership isn’t about them.
ChatGPT was released in November 2022, but it's used very differently by professionals today. AI experts and business leaders reveal the first thing they asked ChatGPT.
From
Why do video game workers offer labor at a discount? How can you design a video game for blind and sighted players? Does that design have lessons for other industries?
Money makes the world go around, faster and faster all the time. At Planet Money, a multimedia team of reporters tracks down the economists, investors and regular folks who are trying to make sense of the rapidly changing global economy.
The White House wants a twenty-fold increase in geothermal energy production to fight climate change and it's counting on the oil and gas industry for help.
Some governments have been cracking down on the knives people can carry in public as crime has increased. Victorinox said any bladeless offerings wouldn't replace its selection of Swiss Army Knives.
What do you do if a loved one asks to borrow a big sum of money from you? Experts weigh in on when it's OK to fork over the cash — and when you should probably say no.
It is unclear why the suggested rule was not released by its intended deadline. But a spokesperson for the federal agency told NPR that its implementation "continues to be a high priority."
The Left. The Right. The Disillusioned.