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
The IRS released statistics that showed 1,644 tax and money-laundering cases related to COVID fraud, totaling $9 billion investigated by the Criminal Investigation (CI). CI is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. CI has obtained a 98.5% conviction rate in prosecuted COVID-related fraud cases, with over 795 people indicted and 373 individuals sentenced by February 29, 2024.
Recently, the investigation wing sentenced a man to 10 years in prison for his role as the mastermind behind a sprawling conspiracy to fraudulently obtain loans amid the COVID-19 pandemic. Another man was sentenced to 94 months in prison and ordered to pay more than $4.2 million to the SBA after being convicted of conspiracy to commit wire fraud, wire fraud and money laundering. The CI also encouraged the public to share information regarding known or suspected fraud tied to the CARES Act by contacting their local CI field office. Contact information for each CI field office is listed in the division’s annual report.
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
Read More
The Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]
Read More
Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read More
Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read More
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 […]
Read More
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 […]
Read More
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, […]
Read More
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 […]
Read More
