Newsletters

Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued, Rev. Rul. 2024-20

The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the […]

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Drought-Stricken Areas for Involuntary Sale of Livestock Tax Relief Identified, Notice 2024-70; IR-2024-248

The IRS identified drought-stricken areas where tax relief is available to taxpayers that sold or exchanged livestock because of drought. […]

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IRS Deploys Employees to Aid FEMA’s Efforts to Help Hurricane Helene Victims, IR-2024-255

The IRS has taken special steps to provide more than 500 employees to help with the Federal Emergency Management Agency’s […]

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IRS Issues Guidance on Long-Term, Part-Time Employees in 403(b) Plans, Notice 2024-73; IR-2024-257

The IRS provided guidance addressing long-term, part-time employee eligibility rules under Code Sec. 403(b)(12)(D), which apply to certain 403(b) plans beginning […]

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Tax Gap Slightly Shrinks, IRS Reports, IR-2024-262

he Internal Revenue Service is estimated a slight decrease in the estimated tax gap for tax year 2022. According to […]

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IRS Releases 2025 Inflation-Adjusted Tax Tables, Standard Deduction, AMT and Other Amounts, Rev. Proc. 2024-40; IR-2024-273

The IRS has released the annual inflation adjustments for 2025 for the income tax rate tables, plus more than 60 […]

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Social Security Wage Cap and Benefit Amounts Increase for 2025, SSA Press Release: Social Security Announces 2.5 Percent Benefit Increase for 2025; Social Security Fact Sheet: 2025 Social Security Changes

For 2025, the Social Security wage cap will be $176,100, and social security and Supplemental Security Income (SSI) benefits will […]

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Taxpayers Impacted by Terrorist Attacks in Israel Granted Tax Relief, Notice 2024-72; IR-2024-252

The IRS announced tax relief for certain individuals and businesses affected by terrorist attacks in the State of Israel throughout […]

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FL - Interest rates for first half of 2025 announced

The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]

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FL - Interest rates for first half of 2025 announced

FL - Guidance provided on taxability of holiday decorations and lighting

The sale, rental, and associated charges for the design, installation, removal, and storage of holiday decorations and lighting are subject […]

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FL - Guidance provided on taxability of holiday decorations and lighting

IRS Warns of Charity Scams Following Hurricanes Milton and Helene, IR-2024-269

The IRS has offered some tips to taxpayers about scammers using fake charities to exploit unsuspecting donors in the aftermath […]

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IRS Warns of Charity Scams Following Hurricanes Milton and Helene, IR-2024-269

IRS Provides Safe Harbor for Amounts Paid for Condoms, Notice 2024-71

The IRS has provided a safe harbor under Code Sec. 213(d) for amounts paid for condoms. Because amounts paid for condoms are […]

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IRS Provides Safe Harbor for Amounts Paid for Condoms, Notice 2024-71

IRS Accelerates Work on Employee Retention Credit Claims, IR-2024-263

The IRS has made significant progress on Employee Retention Credit (ERC) claims, with processing underway on about 400,000 claims, worth […]

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IRS Accelerates Work on Employee Retention Credit Claims, IR-2024-263

IRS Warns Taxpayers About Scams by Offer in Compromise Mills, IR-2024-243

The IRS has issued a warning to taxpayers to be cautious of unscrupulous promoters claiming to offer help in resolving […]

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IRS Warns Taxpayers About Scams by Offer in Compromise Mills, IR-2024-243

IRS Appeals Secure Messaging Program Office Launches Corporate Group Mailbox Pilot, IR-2024-247

The IRS Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts […]

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IRS Appeals Secure Messaging Program Office Launches Corporate Group Mailbox Pilot, IR-2024-247

IRS Urges Taxpayers to Enroll for IP PIN Ahead of 2025 Filing Season, IR-2024-278

The IRS has encouraged taxpayers to register for an Identity Protection Personal Identification Number (IP PIN) to strengthen their defenses against tax-related […]

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IRS Urges Taxpayers to Enroll for IP PIN Ahead of 2025 Filing Season, IR-2024-278

FL - Updated electronic address and jurisdiction database issued for determination of premiums situs

An updated electronic address and jurisdiction database is issued for the determination of Florida insurance premiums tax to the proper […]

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FL - Updated electronic address and jurisdiction database issued for determination of premiums situs

FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period

Consistent with the Hurricane Helene penalty relief announced by the Internal Revenue Service (IRS), the Florida Department of Revenue is […]

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FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period