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 has issued directions for its taxpayer facing employees to hold video meetings with taxpayers and their representatives. Going forward, the IRS will continue to offer video meetings via secure IRS approved platforms to taxpayers and their representatives. Further, frontline employees, with their manager’s approval, may meet virtually with taxpayers and their representatives. Taxpayers or their representatives may request to meet virtually with frontline employees and their managers.
Additionally, the IRS stated that while determination cases don’t generally involve in person meetings, examinations frequently benefit from in-person meetings. Before approving a video meeting, employees and their managers must decide whether a video meeting rather than an in-person meeting is the most appropriate means of meeting with the taxpayer and their representatives. Examples of when a video meeting may be valuable to working the case include:
Finally, the IRS also issued video conferencing protocol reminders to its employees. These included reminders related to privacy considerations, authentication, internal communications and instructions regarding various IRS approved video conferencing platforms. IRS TE/GE Memorandum: Video Meetings with Taxpayers and Representatives (TEGE-04-0522-0023).
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 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 […]
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 More