Treasury Department and the Internal Revenue Service (IRS) for comments from the municipal bond community regarding record retention standards. In a notice, IRS said that the Service is seeing comments on managing any inconveniences potentially linked with the record retention requirements that apply to...
The Internal Revenue Service (IRS) has specific rules and requirements when it comes to receipts for tax purposes. Here are a few key points to keep in mind: Retention Period: The IRS recommends keeping receipts and other tax-related documents for at least three years from the filing date of...
Keeping up with all the regulations and requirements can be overwhelming for the average taxpayer. A tax professional can stay updated on the latest developments and ensure that you are in compliance with all necessary tax laws. Minimizing Financial Consequences: A tax professional can help you ...
You will be responsible for meeting and maintaining the minimum technical requirements for your selected purchase in order to access certain features of your program. Please visitwww.kalvirs.comto understand the specific requirements for your program. ...
Treasury Department and the Internal Revenue Service (IRS) for comments from the municipal bond community regarding record retention standards. In a notice, IRS said that the Service is seeing comments...
Internal Revenue Service has published a list of current record-retention requirements for issuers of tax-exempt bonds. Simplification of the record-retention requirements; Need to issue guidance that would lessen the administrative burden that issuers face when trying to maintain the records; Management...
filing of comments with the IRS on the proposed revision of Revenue Procedure 91-59 relating to the basic retention requirements. Project to identify possible solutions and convince IRS; Outline of goals;...
The IRS has put tax-exempt issuers on guard, having said they are "... aware of significant noncompliance with recordkeeping and record retention requirements relating to tax-exempt bonds..." (IRS, Schedule K Highlights, 12/20/2007).James S. Matteo...