IRS PLR: Extension of Time Granted to Allocate GST Exemption (IRC §2642)
The IRS has published a private letter ruling on Section 2642 granting an extension of 120 days to allocate the taxpayer’s generation-skipping transfer (GST) exemption to transfers made to a ...
IRS PLR: Disregarded Entity Election Extension Granted (IRC §7701)
Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...
Ways and Means chair calls for de-weaponization, overhaul of IRS after 'lawless' behavior
House Ways & Means Committee Chairman Jason Smith is calling for a complete overhaul of the Internal Revenue System, ...
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Trump Says He Will Rework Global Trading Relations With ‘Reciprocal’ Tariffs President Trump signed a memorandum ordering his advisers to calculate new tariff levels for other countries, a ...