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 MoreThe IRS announced a temporary change in policy with respect to Form 8802, Application for United States Residency Certification, for a two-year period. Effective April 4, 2022, if taxpayers received a request from the IRS for a signed copy of their most recent return to support an application for a U.S. residency certification because their return had not yet been posted by the IRS by the time they filed their Form 8802, they will only need to submit a signed copy of the current year base income tax return rather than a copy of their entire return. This means the tax return without any accompanying forms, schedules or attachment. If, at the time of filing Form 8802, taxpayers are unsure if their most recent tax return has yet to be posted by the IRS, it may take less time to process their application if they include a signed copy of the base income tax return with their Form 8802. Further, by filing a signed copy of the base return with their Form 8802, taxpayers are attesting that they have previously filed the income tax return with the IRS as shown on the signed copy. Additionally, the IRS will monitor compliance during this time to determine whether to extend this policy after the two-year pilot period. Finally, more information can be found at https://www.irs.gov/forms-pubs/temporary-change-in-policy-with-respect-to-applications-for-us-residency-certifications-for-a-two-year-period.
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
Read MoreThe Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]
Read MoreFlorida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read MoreFlorida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read MoreThe 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 […]
Read MoreThe 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 […]
Read MoreThe 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, […]
Read MoreThe 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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