Final Regulations Clarify Section 1031 Like-Kind Exchanges

by | Nov 26, 2020 | Tax Tips and News

The Internal Revenue Service and the Treasury Department have issued their final regulations on section 1031 like-kind exchanges. The regulations clarify the definition of real property under section 1031, while providing a rule governing the receipt of personal property incidental to real property in a like-kind exchange.… Read more about Final Regulations Clarify Section 1031 Like-Kind Exchanges (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Teams with Research Firm to Smooth Procurement Process

by | Nov 25, 2020 | Tax Tips and News

The Internal Revenue Service is pairing up with a Virginia research firm in an effort to improve the agency’s procurement operations.… Read more about IRS Teams with Research Firm to Smooth Procurement Process (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Advisory Council Issues 2020 Annual Report

by | Nov 24, 2020 | Tax Tips and News

The Internal Revenue Service Advisory Council, also known as IRSAC, has come out with its annual report for 2020. The 195-page report includes recommendations to the IRS on new and continuing issues in tax administration.… Read more about IRS Advisory Council Issues 2020 Annual Report (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Investigators Make Big Advances in a Busy 2020

by | Nov 19, 2020 | Tax Tips and News

Fiscal Year 2020 was a very busy—and productive—year for the IRS’ Criminal Investigations unit. The just-released annual report for CI Division touts the unit’s identification of more than $10 billion in tax fraud and other financial crimes, despite the limitations of the COVID-19 pandemic.… Read more about IRS Investigators Make Big Advances in a Busy 2020 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…