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 ...

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 ...

The IRS submission must be completed on Form 5300 (Application for Determination for Employee Benefit Plan). A plan sponsor must provide advance notice of the IRS application to all interested parties ...

In Notice 2024-73, the Internal Revenue Service (“IRS”) issued guidance on the application of certain non-discrimination rules to long-term, part-time employees in Internal Revenue Code (“Code”) ...

The Internal Revenue Service issued a revised Form 1024-A application Tuesday for tax-exempt status under Section 501(c)4 of the Tax Code, along with instructions permitting it to be filed ...

In those earlier bulletins, we called attention to the “funding rule” in the IRS notice, under which this tax would apply to a repurchase of stock of a non-U.S. public corporation if the repurchase is ...

The Internal Revenue Service has taken the unusual step of denying a group’s application for tax-exempt status as a church, in part because of concerns about the proposed organization’s lack of ...

The Internal Revenue Service announced on Nov. 9 that it has adjusted federal income tax brackets, which happens every year to account for inflation. A tax bracket refers to a range of incomes subject ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...