IRS Takes Aim at a $50 Billion Loophole for Wealthy Taxpayers

Jun 17, 2024 · The IRS announced Monday that it plans to eliminate a loophole used by large, complex partnerships to avoid taxes – a move that could raise more than $50 billion over the next decade. The tax ...

CouponFollow Extension

$50
OFF

IRS Takes Aim At A $50 Billion Loophole For Wealthy Taxpayers

6 days from now

yahoo.com

$50
OFF

IRS Plans To Raise $50 Billion Over 10 Years, Closing Loophole ...

6 days from now

The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such …

nbcnews.com

$50
OFF

IRS Plans To Close 'major' Tax Loophole Used By Wealthy Americans

6 days from now

T he IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by wealthy taxpayers, a move that could generate as much as $50 billion in revenue over the …

msn.com

$50
OFF

The IRS Is Cracking Down On A Tax Loophole For The Rich. The Effort ...

6 days from now

Jun 17, 2024 · Massachusetts sales tax holiday coming in August 00:25. The IRS could raise more than $50 billion in revenue over the next decade by ending a major tax loophole for …

cbsnews.com

$50
OFF

IRS Announces New Steps To Combat Abusive Use Of Partnerships; …

6 days from now

Jun 17, 2024 · Treasury estimates these abusive transactions, which cut across a wide variety of industries and individuals, could potentially cost taxpayers more than $50 billion over a 10 …

irs.gov

$50
OFF

IRS Wants To End Another Major Tax Loophole For The Wealthy And …

6 days from now

Jun 17, 2024 · WASHINGTON — 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. …

suntimes.com

$50
OFF

IRS Takes Aim At A $50 Billion Loophole For Wealthy Taxpayers

6 days from now

Jun 17, 2024 · The IRS announced Monday that it plans to eliminate a loophole used by large, complex partnerships to avoid taxes – a move that could raise more than $50 billion over the …

thefiscaltimes.com

$50
OFF

Latest IRS Effort To Target Wealthy Tax Cheats Could Raise $50 Billion ...

6 days from now

Jun 17, 2024 · The agency estimates the new initiative could result in the collection of $50 billion over 10 years by closing a major tax loophole used by some business partnerships to avoid …

cnn.com

$50
OFF

IRS Plans To Close Major Tax Loophole For Wealthy, Raise $50 Billion …

6 days from now

IRS plans to close major tax loophole for wealthy, raise $50 billion in the process. The Internal Revenue Service is cracking down on a "major tax loophole" that wealthy individuals, complex ...

msn.com

$50
OFF

IRS Wants To End Another Major Tax Loophole For Wealthy, Raise …

6 days from now

Jun 17, 2024 · 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. …

2news.com

$50
OFF

The IRS Wants To End Another Major Tax Loophole For The Wealthy …

6 days from now

Jun 17, 2024 · WASHINGTON — 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. …

inquirer.com

$50
OFF

IRS To End Major Tax Loophole - The Boston Globe

6 days from now

Jun 17, 2024 · Patrick Semansky/Associated Press. WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue …

bostonglobe.com

$50
OFF

Treasury, IRS Shutting $50 Billion Tax Loophole Used By Ultrarich ...

6 days from now

Jun 17, 2024 · The Treasury and IRS proposed new tax regulations Monday targeting the über-wealthy that they say could result in $50 billion in new tax revenue over the next decade. The …

businessinsider.com

FAQs about IRS Takes Aim at a $50 Billion Loophole for Wealthy Taxpayers Coupon?

Is the IRS ending a major tax loophole?

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

Will the IRS crack down on a tax loophole?

The IRS is cracking down on a tax loophole for the rich. The effort could raise $50 billion. June 17, 2024 / 12:16 PM EDT / CBS/AP The IRS could raise more than $50 billion in revenue over the next decade by ending a major tax loophole for wealthy taxpayers, the U.S. Treasury Department said Monday. ...

How much money will the IRS raise by closing a loophole?

The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such taxpayers, as well as businesses, to move assets between entities in a way that authorities say has no economic purpose. ...

Will a new tax loophole help businesses avoid taxes?

The agency estimates the new initiative could result in the collection of $50 billion over 10 years by closing a major tax loophole used by some business partnerships to avoid paying taxes they owe. ...

What is the'major tax loophole'?

The Internal Revenue Service is cracking down on a "major tax loophole" that wealthy individuals, complex partnerships and corporations use to skirt the taxes they owe — and it could raise more than $50 billion in revenue over the next 10 years. ...

What is an example of a tax loophole?

The department said an example of that is when a single company operating as different legal entities shifts the tax basis from a property that doesn't generate deductions to one that does. These kinds of tax loopholes contribute to the $160 billion annual tax gap among the top 1% of filers, the Treasury said. ...