Publication 547 (zh-s)

Casualties, Disasters, and Thefts (Chinese-Simplified Version)

Energy Efficient Home Improvements Eligible for Tax Credits, IR-2023-97

The IRS has informed taxpayers who make energy improvements to their existing residence including solar, wind, geothermal, fuel cells or […]

Read More
Energy Efficient Home Improvements Eligible for Tax Credits, IR-2023-97

Bitcoin Characterized as Legal Tender by Certain Foreign Jurisdictions, Notice 2023-34

The IRS has modified Notice 2014-21 to remove Background section information stating that virtual currency does not have legal tender status in […]

Read More
Bitcoin Characterized as Legal Tender by Certain Foreign Jurisdictions, Notice 2023-34

Public Hearings for Proposed Regulations to Be Conducted In-Person, Announcement 2023-16

The IRS and Department of the Treasury announced that public hearings conducted by the Service will no longer conduct public hearings on notices of proposed rulemaking solely by telephone […]

Read More
Public Hearings for Proposed Regulations to Be Conducted In-Person, Announcement 2023-16

IRS Reminds Taxpayers to Protect Important Financial Documents During Natural Disasters, IR-2023-100

In recognition of National Hurricane Preparedness Week and National Wildfire Awareness month, the IRS reminded taxpayers to have a year […]

Read More
IRS Reminds Taxpayers to Protect Important Financial Documents During Natural Disasters, IR-2023-100

IRS Updates Allowable Living Expense Standards for 2023

The IRS has updated the Allowable Living Expense (ALE) Standards, effective April 24, 2023.The ALE standards reduce subjectivity when determining what a taxpayer may claim as basic living expenses to avoid undue hardship […]

Read More
IRS Updates Allowable Living Expense Standards for 2023

2024 Inflation Adjustments for Health Savings Accounts Released, Rev. Proc. 2023-23

The IRS has released the 2024 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2024, the annual limitation on deductions under Code Sec. 223(b)(2) for an […]

Read More
2024 Inflation Adjustments for Health Savings Accounts Released, Rev. Proc. 2023-23

Taxpayers Urged to Begin Tax Planning Now to Take Advantage of Tax Saving Opportunities, IR-2023-95

The IRS, as part of the National Small Business week initiative, has urged business taxpayers to begin planning now to take advantage of tax–saving opportunities and get ready for reporting changes that take effect in 2023. The […]

Read More
Taxpayers Urged to Begin Tax Planning Now to Take Advantage of Tax Saving Opportunities, IR-2023-95

FL - Tax relief for Florida taxpayers impacted by severe storms, tornadoes, and flooding discussed

Florida will follow the corporate income tax relief granted by the IRS regarding tax return due dates for taxpayers affected […]

Read More
FL - Tax relief for Florida taxpayers impacted by severe storms, tornadoes, and flooding discussed

FL - IRC conformity legislation passed

The Florida Legislature passed legislation that would update the IRC conformity tie-in date for determining corporate income tax liability. H.B. […]

Read More
FL - IRC conformity legislation passed

FL - Community contributions credit cap increased, live local contributions credit created

Florida increased the cap on the corporate income tax community contributions credit from $14.5 to $25 million for the 2023-2024 […]

Read More
FL - Community contributions credit cap increased, live local contributions credit created