FL - 2025 governmental leasehold intangible tax valuation factor table released
For purposes of calculating the 2025 intangible personal property tax on governmental leaseholds, the Florida Department of Revenue has issued […]
Read MoreThe IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July 30. Since its inception in 2007, the office has awarded over $1.2 billion to whistleblowers, leading to the recovery of $7 billion from non-compliant taxpayers. The Whistleblower Office, under the leadership of Director John Hinman, aims to enhance its program by improving the processing of high-value information, ensuring fair and timely awards, and maintaining transparency with whistleblowers. Fiscal Year 2023 saw the office pay out $88.8 million in awards, based on the collection of $338 million in taxes and other amounts. The number of award claims increased by 44% compared to the average of the prior four years. The office has also updated Form 211 and is developing a digital submission portal expected to launch in 2025. Whistleblower information has proven to be a vital component of effective tax administration, helping to identify non-compliance and reduce the tax gap. The awards typically range between 15 and 30% of the proceeds collected due to the whistleblower’s information. National Whistleblower Appreciation Day marks the anniversary of America’s first whistleblower law, enacted on July 30, 1778.
For purposes of calculating the 2025 intangible personal property tax on governmental leaseholds, the Florida Department of Revenue has issued […]
Read MoreThe IRS, along with Security Summit partners, urged businesses and individual taxpayers to update their security measures and practices to protect against […]
Read MoreThe IRS has issued its 2024 Required Amendments List (2024 RA List) for individually designed employee retirement plans. RA Lists […]
Read MoreThe IRS and the Security Summit partners encouraged taxpayers to join the Identity Protection Personal Identification Number (IP PIN) program at […]
Read MoreThe IRS warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, […]
Read MoreThe IRS reminded low- and moderate-income taxpayers to save for retirement now and possibly earn a tax credit in 2025 […]
Read MoreThe IRS and Security Summit partners issued a consumer alert regarding the increasing risk of misleading tax advice on social media, which […]
Read MoreOn November 5, 2024, voters in Seminole County approved a ballot referendum extending the expiration date of Seminole County’s 1% […]
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