Treasury Issues Final Controversial Debt-To-Equity Rules

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Law360, Washington (October 13, 2016, 7:54 PM EDT) — The U.S. Treasury Department issued its final debt-to-equity rules Thursday, with changes to exempt certain kinds of corporations, employee stock plans and others from regulations meant to curb the tax benefits of corporate inversions.

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IRS Announces 131 Million Returns Already Filed This Season – 36 Million Owe Balances Due

2013 tax season on pace to match 2012 where 148 million returns were filed with almost 38 million of those owing unpaid taxes. Direct Tax Relief (DTR) assists clients who have filed and owe back taxes. The IRS reported that as of April 18, 2014, the IRS has received more than 131 million returns, of which 88 percent were e-filed (IRS News Release IR-2014-56, April 24, 2014). Of those 131 million returns 94,809,000 were due refunds (IR 2014-56).
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