Search results
Results from the WOW.Com Content Network
If the IRS suspects tax-related identity theft, the agency will pull it for additional review. When this happens, the IRS will send out a letter notifying you of potential identity theft. These...
According to the IRS, a Group Exemption Letter is a ruling or determination letter that is issued to a central organization recognizing, on a group basis, the exemption from Federal income tax under 26 U.S.C. § 501(c) of subordinate organizations on whose behalf the central organization has applied for recognition of exemption.
The IRS has sent out a letter to families, Letter 6419, detailing the amount of money taxpayers received last year in terms of advance payments. ... If, for example, there is any discrepancy in ...
Under United States federal income tax law, filing status is an important factor in computing taxable income. [1] Filing status depends in part on marital status and family situation.
Lois Gail Lerner (born October 12, 1950) is an American attorney and former United States federal civil service employee. Lerner became director of the Exempt Organizations Unit of the Internal Revenue Service (IRS) in 2005, and subsequently became the central figure in the 2013 IRS targeting controversy in the targeting of politically aligned groups, either denying them tax-exempt status ...
Private letter rulings (PLRs), in the United States, are written decisions by the Internal Revenue Service (IRS) in response to taxpayer requests for guidance. [1] A letter ruling is "a written statement issued to a taxpayer by an Associate Chief Counsel Office of the Office of Chief Counsel or by the Tax Exempt and Government Entities Division that interprets and applies the tax laws to a ...
The so-called 6550 letters mean that the IRS’s records show you may qualify for one or more of the credits expanded by the American Rescue Plan Act for 2021, ...
The IRS characterizes income or loss as a capital gain or loss depending on how the taxpayer generates the gain or loss. When the taxpayer invests in real estate or security and then later sells that piece of real estate or security, the IRS characterizes the amount that exceeds the purchase price as capital income while the amount that falls short of the purchase price is capital loss.