Newsletters

IRS, State Tax Agencies and National Tax Industry Unite in New Coalition to Combat Escalating Scams and Protect Taxpayers, IR-2024-215

The IRS, in collaboration with state tax agencies and the national tax industry, has initiated a new effort to tackle […]

Read More

IRS Processing 50,000 Valid ERC Claims, Processing New Claims, IR-2024-203

The Internal Revenue Service will be processing about 50,000 “low-risk”Employee Retention Credit claims, and it will be shifting the moratorium dates on […]

Read More

IRS Enhances Digital Services and Tightens Measures Against Tax Evasion, IR-2024-223

The IRS has announced substantial progress in its ongoing efforts to modernize tax administration, emphasizing a shift towards digital interactions […]

Read More

IRS Announces Second Voluntary Disclosure Program for Employee Retention Credit, Announcement 2024-30; IR-2024-212; IR-2024-213

The IRS has announced a second Voluntary Disclosure Program for employers to resolve erroneous claims for credit or refund involving […]

Read More

Treasury and IRS Release $8 Billion in Clean Energy Tax Credit Claims for 2023, IR-2024-202

The Department of the Treasury and the IRS released statistics on the Inflation Reduction Act clean energy tax credits for the 2023 […]

Read More

IRA Success Validates Need for Continued Funding – Werfel, IR-2024-196

Internal Revenue Service Commissioner Daniel Werfel is calling on Congress to maintain the agency’s funding and not make any further […]

Read More

Businesses Warned About New Employee Retention Credit Claim Issues, IR-2024-198

The IRS has intensified its efforts to scrutinize claims for the Employee Retention Credit (ERC), issuing five new warning signs […]

Read More

No Plans To Extend BOI Reporting Deadline – Yellen

Department of the Treasury Secretary Janet Yellen said there are no plans to extend the Beneficial Ownership Information reporting deadline. […]

Read More

IRS Highlights New Business Tax Account Features, FS-2024-27

The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]

Read More
IRS Highlights New Business Tax Account Features, FS-2024-27

Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217

The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish […]

Read More
Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217

IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199

The IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July […]

Read More
IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199

FL - Correction: interest rates for second half of 2024 announced

The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]

Read More
FL - Correction: interest rates for second half of 2024 announced

Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216

The IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax […]

Read More
Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216

IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197

The IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements […]

Read More
IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197

IRS Issues FAQs About Social Media Scams, FS-2024-24

The IRS has warned taxpayers not to fall for scams centered around the Fuel Tax Credit, the Sick and Family […]

Read More
IRS Issues FAQs About Social Media Scams, FS-2024-24

IRS Issues Warning on Clean Energy Tax Credit Scam, IR-2024-182

The IRS has issued a cautionary alert to taxpayers about a new scam exploiting clean energy tax credits. This emerging […]

Read More
IRS Issues Warning on Clean Energy Tax Credit Scam, IR-2024-182

Code Sec. 280E Not Applicable to Marijuana, IR-2024-177

The IRS reminded taxpayers that marijuana will remains a Schedule I controlled substance till a federal rule is published. Businesses […]

Read More
Code Sec. 280E Not Applicable to Marijuana, IR-2024-177

FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers

Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]

Read More
FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers