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 […]
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The IRS has provided a waiver of the penalty (referred to as addition to tax) under Code Sec. 6654 for the underpayment […]
Read MoreThe IRS has issued the luxury car depreciation limits for business vehicles placed in service in 2022 and the lease […]
Read MoreThe American Institute of CPAs reiterated its call for the Internal Revenue Service to delay the implementation of the Schedules […]
Read MoreThe IRS has announced that it has begun using voice and chat bots on two of its specialized toll-free telephone […]
Read MoreThe IRS has reminded taxpayers that the fastest and easiest way to check on tax refunds is by using the “Where’s […]
Read MoreThe Treasury Department and the IRS announced an aggressive plan to end the pandemic inventory backlog this year. Deputy Secretary […]
Read MoreThe IRS has reminded taxpayers of reporting and potential tax obligations from working in the gig economy, making virtual currency […]
Read MoreThe IRS has reminded taxpayers to take extra precautions to file accurate tax returns electronically to speed refunds as the […]
Read MoreGuidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
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The Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]
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Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
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Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
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The IRS has announced plans to deny tens of thousands of high-risk Employee Retention Credit (ERC) claims while beginning to process lower-risk claims. The agency’s review has […]
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The IRS has issued a warning about the increasing threat of impersonation scams targeting seniors. These scams involve fraudsters posing as government officials, including IRS agents, […]
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The IRS released the inflation adjustment factors and the resulting applicable amounts for the clean hydrogen production credit for 2023 and 2024. For 2023, the inflation adjustment factor is one, so the inflation adjusted applicable amounts are the same as those in Code Sec. 45V(b). Thus, the applicable amounts for a […]
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The IRS has released the inflation adjustment factor for the credit for carbn dioxide (CO2) sequestration under Code Sec. 45Q for 2024. The inflation adjustment factor is 1.3877, and the credit is $27.75 per metric ton […]
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