Newsletters

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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IRS Completes Final Corrections on 2020 Unemployment Compensation Tax Payments, IR-2023-2

The IRS recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation received in 2020. […]

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IRS Completes Final Corrections on 2020 Unemployment Compensation Tax Payments, IR-2023-2

FL - Additional guidance issued on tax relief for property made uninhabitable by Hurricanes Ian or Nicole

The Florida Department of Revenue has issued additional guidance regarding property tax relief for residential properties rendered uninhabitable for 30 […]

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FL - Additional guidance issued on tax relief for property made uninhabitable by Hurricanes Ian or Nicole

FAQs Released on Energy Efficient Home Improvements and Residential Clean Energy Property Credits, FS-2022-40

The IRS has released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits. The […]

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FAQs Released on Energy Efficient Home Improvements and Residential Clean Energy Property Credits, FS-2022-40

IRS, DOL Renew Employee Misclassification Memorandum of Understanding

The Internal Revenue Service and the U.S. Department of Labor announced they have renewed a memorandum of understanding (MOU) under […]

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IRS, DOL Renew Employee Misclassification Memorandum of Understanding

Transitional Guidance on Broker Digital Asset Reporting Provided, Announcement 2023-2

The Treasury Department and IRS have announced that brokers are not required to report additional information with respect to dispositions […]

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Transitional Guidance on Broker Digital Asset Reporting Provided, Announcement 2023-2

Inflation Reduction Act Triggers Numerous Tax Form Changes

The passage of the Inflation Reduction Act in 2022 has triggered changes to many tax forms, tax form instructions, and […]

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Inflation Reduction Act Triggers Numerous Tax Form Changes

IRS Reminds Taxpayers to Check Tax Withholding Now to Avoid Paying Future Quarterly Estimated Payments, FS-2023-1; IR-2023-10

The IRS reminded taxpayers who earn wages to use the Tax Withholding Estimator tool to adjust their 2023 withholding. Checking now and […]

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IRS Reminds Taxpayers to Check Tax Withholding Now to Avoid Paying Future Quarterly Estimated Payments, FS-2023-1; IR-2023-10

2023 Standard Mileage Rates Released, Notice 2023-3

The IRS released the optional standard mileage rates for 2023. Most taxpayers may use these rates to compute deductible costs […]

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2023 Standard Mileage Rates Released, Notice 2023-3

FL - Taxpayer properly applied cost-of-performance rule to its income producing activities

An out of state subsidiary (taxpayer) of a nationwide online and brick-and-mortar retailer (retailer) properly sourced its service revenue under […]

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FL - Taxpayer properly applied cost-of-performance rule to its income producing activities

FL - Guidance provided on tax relief for properties made uninhabitable by Hurricanes Ian or Nicole

Florida provides guidance regarding property tax relief for residential properties rendered uninhabitable for 30 days or more due to Hurricanes […]

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FL - Guidance provided on tax relief for properties made uninhabitable by Hurricanes Ian or Nicole