Web2024-03-13 Seaview Trading Reversed in Ninth Circuit. March 12, 2024 by Ed Zollars, CPA. This week we look at: IRS and OPR issue separate warnings on ERC claims. Ninth Circuit reverses Seaview Holdings LLC … WebSeptember 21, 2016 by Ed Zollars, CPA The taxpayer in the case of Exelon Corp. et al. v. Commissioner, 147 T.C. No. 9 had a major gain that it did not want to pay current tax on—almost $1.6 billion. The gain would occur when an acquired entity disposed of its fossil fuel power plants.
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WebJun 12, 2024 · June 12, 2024 by Ed Zollars, CPA. Not understanding and following proper procedures can come back to haunt taxpayers, even if they do something that they would have been allowed to do if they had followed the proper procedures. In PLR 202423011 ... WebMay 30, 2024 · Ed Zollars, CPA Uncategorized Leave a comment April 21, 2024 April 22, 2024 3 Minutes Arizona Department of Revenue Waives First Two Estimated Tax … putty elf
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WebJul 30, 2009 · If taxable income is: The tax is: $0 — $54,544 2.53% of taxable income. $54,545 and over $1,380, plus 2.75% of the amount over $54,544. 9. Subject to subsection F of this section, for taxable years beginning from and after December 31 of the year in which notice is provided to the department pursuant to section 43-243, subsection B, … WebAug 6, 2024 · August 06, 2024by Ed Zollars, CPA Since many advisers seem to have difficulty understanding the rules under which certain individuals are barred from having wages qualify for the employee retention credit outlined in IRS Notice 2024-49, I’ve summarized key portions of those rules in the following two sections. WebFeb 26, 2024 · A taxpayer found a way to maximize benefits in an extreme way in an American Express credit card rewards program, so much so that the IRS looked to impose a tax on the gains in the case of Anikeev v.Commissioner, TC Memo 2024-23. But the Tax Court found that the IRS’s years of informal guidance created a situation where most of … putty ersatz