No Further Funding Cuts For IRS In FY24
Other than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution […]
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In October and November of 2021, the IRS is sending informational-only CP256V Notices to self-employed individuals and household employers that […]
Read MoreA Florida taxpayer’s tangible personal property used in connection with a solar energy generating facility within the federal Air Force […]
Read MoreThe Financial Crimes Enforcement Network (FinCEN) is providing filing relief to taxpayers who have been adversely affected by Hurricane Ida, […]
Read MoreThe IRS has reminded taxpayers about the continued importance of protecting personal and financial information online during National Cybersecurity Month. Further, the […]
Read MoreThe IRS joined international organizations and other regulators in highlighting Charity Fraud Awareness Week on October 18-22. The campaign is run by […]
Read MoreThe IRS issued information that taxpayers will be required to include for a research credit claim for refund to be […]
Read MoreThe IRS has updated its process for certain frequently asked questions (FAQs) on newly enacted tax legislation. The Service will […]
Read MoreThe IRS has updated its real property foreclosure and construction industry Audit Technique Guides. An Audit Technique Guide focuses on […]
Read MoreOther than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution […]
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The IRS updated frequently asked questions (FAQ) on New, Previously Owned and Qualified Commercial Clean Vehicle Credits. These FAQs provide guidance on how the Inflation Reduction […]
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KPMG TaxNewsFlash – United States March 20, 2024 The IRS today released Notice 2024-31 [PDF 156 KB] providing the adjustments to the limitation on housing expenses, under […]
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The IRS has issued an announcement that addresses the federal income tax treatment of amounts paid for the purchase of energy efficient property and improvements. Taxpayers who […]
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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 […]
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Reflecting on the 2024 tax filing season, the IRS released major filing numbers for the season. The agency highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during […]
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The IRS has wrapped up the 2024 Dirty Dozen campaign, with a warning to taxpayers to beware of promoters selling bogus tax avoidance strategies. Promoters have been peddling elaborate bogus schemes to […]
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Effective June 1, 2024, the Florida sales tax rate imposed on the total rent charged for renting, leasing, letting, or […]
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Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From […]
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The IRS has provided a waiver for any individual who failed to meet the foreign earned income or deduction eligibility requirements of Code Sec. 911(d)(1) because adverse conditions in a foreign country […]
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