IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2022-34
The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage […]
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Department of the Treasury Secretary Janet Yellen is seeking a detailed plan from the Internal Revenue Service on how it […]
Read MoreNational Taxpayer Advocate Erin Collins has taken an “unusual step” to appeal an Internal Revenue Service Deputy Commissioners’ decision directly to Commissioner […]
Read MoreThe IRS and the Security Summit partners have warned tax professionals to beware of evolving identity theft scams perpetrated through […]
Read MoreThe IRS has extended the deadlines for amending a retirement plan or individual retirement arrangement (IRA) to reflect certain provisions […]
Read MoreThe Treasury and IRS have issued final regulations eliminating the signature requirement for making a Code Sec. 754 election (section 754 election). […]
Read MoreThe American Institute of CPAs highlighted several challenges that tax practitioners are experiencing with the use of the Internal Revenue […]
Read MoreThe American Institute of CPAs offered up suggestions to Congress, focused on the trust and estate proposals found within the […]
Read MorePresident Biden, on August 16, 2022, signed the Inflation Reduction Act ( P.L. 117-169) into law following its passage along party […]
Read MoreThe IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage […]
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The IRS has provided the specifications for the private printing of red-ink substitutes for the 2022 revisions of information returns, […]
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The IRS and Security Summit partners have urged tax professionals to be vigilant and look out for the signs of […]
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The IRS was aware that some payments made for 2021 tax returns were incorrectly applied to joint taxpayer accounts. These […]
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The Treasury Department and the IRS have published initial information on changes to the tax credit for electric vehicles strengthened […]
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The IRS reminded educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses when they […]
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The IRS has announced that beginning August 2022, smaller charities that are eligible and choose to file Form 990-N, Electronic […]
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The taxpayer did not have standing to contest a notice of proposed assessment that assessed Florida sales and use tax, […]
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