IRS Issues Private Letter Ruling Preserving S Corporation Status Despite Failure to Make Timely QSST Election

The IRS issued a private letter ruling on I.R.C. §§1361 and 1362, confirming that S corporation status remains intact when trust beneficiaries fail to make timely qualified subchapter S trust ...

IRS Issues Private Letter Ruling Requiring Professional Corporations to Join Parent Group Consolidated Returns

The IRS issued a private letter ruling on I.R.C. §1504, confirming that professional corporations engaged in a regulated profession must join in filing a consolidated federal income tax return with ...
AZ Central

Received an IRS Letter? Clear Start Tax Breaks Down What IRS Notices Really Mean

IRVINE, CA / ACCESS Newswire / June 27, 2025 / Every year, millions of Americans receive unexpected mail from the IRS, and panic sets in before they even open the envelope. Clear Start Tax says the ...
News on 6

Received an IRS Letter? Here’s How to Handle It Safely

Hood advises taxpayers that receiving such correspondence does not automatically imply an error on their part, noting that about half of the IRS letters are incorrect ...
WTKR

Retirement community warns seniors of fraudulent IRS letters

SUFFOLK, Va. — Staff members at Lake Prince Woods in Suffolk want to make sure their residents are protected. So, when people who live there got a letter claiming to be from the IRS they started ...
Distractify on MSN

Why does my IRS transcript say “No return filed”? What it really means

Don’t panic if your IRS transcript says “No Return Filed.” Timing issues, processing delays, or the specific transcript type you selected may be the real reason.