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Items tagged with: IRS


Taxation Task Force has scored an advocacy win for #US #Expats!

The IRS responded to a tax news article that featured #DemocratsAbroad to clarify:

Non-US pensions and savings that stay within the limits are NOT subject to Foreign Trust reporting!

Formal revision of regs to follow.

This is a HUGE win for the #expat community!

Help us celebrate by retweeting/sharing/liking our post on X https://x.com/DemsAbroadTax/status/1810583697181053177

#IRS #Pension #overseas #taxrelief #Democrats #Americans #AmericansAbroad


How a Network of Nonprofits Enriches Fundraisers While Spending Almost Nothing on Its Stated Causes
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ProPublica identified a group of connected #political nonprofits — with names like American Breast #Cancer Coalition and National Coalition for Disabled #Veterans — that appear to be funneling more than 90% of donations to fundraisers.

#News #Politics #Nonprofit #Law #IRS #FTC

https://www.propublica.org/article/political-nonprofits-fundraising-ftc-irs-527s-pacs


The #IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.

The guidance and ruling being announced Monday includes plans to essentially stop “partnership basis shifting" — a process by which a business or person can move assets among a series of related parties to avoid paying taxes.
https://abcnews.go.com/US/wireStory/irs-end-major-tax-loophole-wealthy-raise-50-111180062

#irs