On April 16, 2024, the IRS issued a notice extending temporary relief through 2024 for certain required minimum distributions related to the SECURE Act's 10-year distribution rule.
A borrower's IRS tax return can serve as valuable additional collateral for secured lenders, but perfecting an interest in a refund is more complicated than it is for other pledged assets.
Third-party payers that improperly claim employment tax credits on behalf of employer clients can be liable for underpayments when they make the claim and file returns under their own EIN, the IRS says.
Gary Remer has joined Maddin Hauser as a shareholder handling franchising, tax, M&A, and employee benefits matters.