IRS Delays New Third-Party Settlement Reporting Threshold Enforcement, Notice 2023-10
The IRS announced a delay in reporting thresholds for third-party settlement organizations (TSPOs). As a result of this delay, third-party […]
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Energy Efficient Commercial Building Deduction Applicable Reference Standard Announced, Announcement 2023-1
The IRS has notified taxpayers of the applicable reference standard required to be used to determine the amount of the […]
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Treasury, IRS Issue Guidance on Corporate Stock Repurchase Excise Tax, in Advance of Proposed Regulations, Notice 2023-2
The Treasury Department and the IRS have provided guidance announcing that they intend to issue proposed regulations to address the […]
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Rules of the House Could Affect Tax Policy in 2023
With the transition of leadership from Democrats to Republicans in the House of Representatives comes new rules that legislators must […]
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Taxpayer Advocate Collins Optimistic for 2023
Despite a significant number of challenges faced by taxpayers in 2022, National Taxpayer Advocate Erin Collins has reason to be […]
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Treasury Out Promoting Inflation Reduction Act as GOP Works To Repeal It, IRS
Deputy Secretary of the Treasury Wally Adeyemo was out promoting the positives of the Inflation Reduction Act in an apparent […]
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2023 Luxury Auto Depreciation Caps and Lease Inclusion Amounts Issued, Rev. Proc. 2023-14
The IRS has issued the luxury car depreciation limits for business vehicles placed in service in 2023 and the lease […]
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IRS Urges Employees to Use Saver’s Credit And Save More In 2023, IR-2022-224
IRS has reminded eligible workers from low and moderate income groups to make qualifying retirement contributions and get the Saver’s […]
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