This includes audits of corporate jet usage, high-income nonfiler ... it is likely that the IRS will attempt to identify and aggressively audit PPLI policyholders in the coming months and years.
Understanding tax law and IRS ... of business-like operations. Continuously reporting losses from pursuits such as art, music, or other personal interests could potentially trigger an audit ...
When your business receives an audit engagement letter, don’t panic. While an audit may be time-consuming, costly, and invasive, having an experienced advocate on your side to navigate you ...
Dechert LLP recently obtained an IRS private letter ruling (“PLR”) on behalf of an asset manager concluding that certain C-PACE assessments are “obligations . . . secured by an interest in ...
the bigger the jet, the bigger the bill. Size depends on two variables: the number of passengers and distance to travel. Private and business jets can carry anywhere from four to 19 passengers ...
For example, people with business income ... argue that Direct File is unnecessarily duplicative of private-sector offerings and of the IRS Free File program, which lets lower-income and middle ...
Read more: What Is IRS Free File? Those with income made from freelance work or business owners were some ... The news has not been welcomed by private tax assistance companies like TurboTax ...
FOX Business, courtesy of the IRS, provides a list of the states with the likely cash refunds. Estimates of individuals who may be due 2020 income tax refunds, per IRS data: CLICK HERE TO READ ...