IRS PLR: Partnership Basis Election Extension Granted (IRC §754)
Taxpayer granted an extension of 120 days from the date of the letter to make a valid election under § 754 of the Internal Revenue Code, effective for the taxpayer’s ...
IRS PLR: Self-Certification as Qualified Opportunity Fund Extension Granted (IRC §1400Z)
The IRS has published a private letter ruling on Section 1400Z-2 granting taxpayer a 60-day extension to self-certify as a Qualified Opportunity Fund (QOF). [PLR 202505016] ...
Tax tip: Don't file until you get all necessary documents
Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...