FL - Solid mineral tax rates for 2024 announced
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From […]
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Recent legislation enacted a Florida sales and use tax exemption for oral hygiene products. “Oral hygiene products” are defined as […]
Read MoreIn light of the end of the COVID-19 public health emergency, the Treasury Department and the IRS have released guidance modifying prior guidance regarding […]
Read MoreAn organization that developed paid name, image,and likeness (NIL) opportunities for student-athletes was operating for a substantial nonexempt purpose. This would […]
Read MoreThe IRS encouraged members of the military and their families to learn more about the special tax benefits available to them. MilTax, a Department of […]
Read MoreThe IRS has an renewed alert to warn businesses against misleading employee retention credit scams. Employee Retention Credit (ERC) is a a refundable tax […]
Read MoreThe IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013, for […]
Read MoreThe IRS has highlighted numerous payment plan options for taxpayers who cannot pay taxes in one go. Further, the IRS has advised taxpayers to use the Online Payment Agreement (OPA) to set it up to pay off […]
Read MoreFlorida provides guidance regarding the two 2023 back-to-school sales tax holidays, which will be held on: July 24, 2023, through […]
Read MoreFlorida 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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The IRS announced that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion within six months. “We are encouraged by the results so far of […]
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The IRS has announced the federal income tax treatment of certain lead service line replacement programs for residential property owners. It is required by the federal and many […]
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The IRS has released guidance to help taxpayers understand what to do with Form 1099-K. Responding to feedback from taxpayers, tax professionals and payment processors, […]
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The Treasury Department‘s Office of Payment Integrity (OPI) deployed Artificial Intelligence(AI)-based fraud detection at the onset of Fiscal Year 2023, resulting in the recovery of over $375 million. […]
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The Florida Senate approved a tax bill that changes the corporate income tax IRC conformity tie-in date. H.B. 7073, as […]
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Florida House of Representatives passed a bill with a provision that modifies the IRC conformity tie-in date for determining corporate […]
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The Financial Crimes Enforcement Network (FinCEN) issued guidance on inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990 (the Act), as amended. This rule […]
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