Setting up a trust can be a powerful way to manage and protect assets. However, it also comes with important tax ...

On April 29, 2024, the IRS and the Department of Energy (DOE) announced the process by which they will accept and process applications on round two of the Section 48C(e) qualifying advanced project ...

An Offer in Compromise allows certain taxpayers to settle their tax debt with the IRS for less than the full amount owed. To qualify, taxpayers must undergo a detailed financial review of their income ...

The Internal Revenue Service has introduced a new 1023-EZ form that shortens the application that charities need to submit if they want to be granted tax-exempt status under Section 501(c)3 of the Tax ...

In an announcement that was overshadowed by the significant tax legislation enacted in December, 2017, the IRS has released updated instructions for its Form SS-4, Application for Employer ...

On March 27, the Internal Revenue Service announced that taxpayers can no longer request an employer identification number (EIN) unless the “responsible party” named on the application has a Social ...

The Internal Revenue Service is asking nonprofits to test an interactive application for charity status that may take the agency a step closer to an electronic review system, an idea tax lawyers and ...

Dealing with IRS penalties and incorrect tax assessments can be frustrating. This is especially true when you believe the ...

The Internal Revenue Service is warning tax professionals that starting October 1, it will no longer accept paper-based applications to become electronic filing providers. Processing Content Beginning ...