Newsletters

IRS Issues Guidance on Alternative Method for Health Coverage Reporting (Notice 2025-15)

The IRS has issued Notice 2025-15, providing guidance on an alternative method for furnishing health coverage statements under Code Secs. 6055 and 6056. This […]

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Luxury Auto Depreciation Caps and Lease Inclusion Amounts Issued (Rev. Proc. 2025-16)

The IRS has issued the luxury car depreciation limits for business vehicles placed in service in 2025 and the lease […]

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Senate Finance Committee Leadership Issue Proposals To Improve IRS

The leadership of the Senate Finance Committee have issued a discussion draft of bipartisan legislative proposals to make administrative and […]

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LLC Not Entitled to Charitable Contribution Deduction for Conservation Easement; Accuracy-Related Penalty Imposed (Green Valley Investors, LLC, TCM)

A limited liability company (LLC) classified as a TEFRA partnership could not claim a charitable contribution deduction for a conservation […]

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IRS Appeals Officers and Team Managers not U.S. Officers; Not Appointed Under Appointments Clause (C.C. Tooke III, TC)

The Tax Court ruled that IRS Appeals Officers and Team Managers were not “Officers of the United States.” Therefore, they did not […]

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Beneficial Ownership Reporting Requirement Back On; Deadline Extended 30 Days (FinCEN Notice FIN-2025-CTA1)

The Financial Crimes Enforcement Network (FinCEN) has announced that the mandatory beneficial ownership information (BOI) reporting requirement under the Corporate […]

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FinCEN Keeps BOI Reporting Voluntary Despite Supreme Court Ruling On Injunction

The Financial Crimes Enforcement Network is keeping beneficial reporting information reporting voluntary even though the Supreme Court has lifted the […]

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Final Regulations Address Digital Asset Sale Information Reporting by Front-End Brokers; Related Transitional Relief Provided (T.D. 10021; Notice 2025-6)

The Treasury and IRS have issued final regulations that provide rules for classifying digital and cloud transactions. The rules apply […]

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IRS Offers Top Tips to Make Tax Time Easier (IR-2025-19)

The IRS provided six tips to help taxpayers file their 2024 tax returns more easily. Taxpayers should follow these steps […]

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IRS Offers Top Tips to Make Tax Time Easier (IR-2025-19)

IRS Urges Taxpayers to Choose Tax Preparers Carefully to Protect Data (IR-2025-21)

The IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]

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IRS Urges Taxpayers to Choose Tax Preparers Carefully to Protect Data (IR-2025-21)

IRS Highlights Essentials for Tax Filing (IR-2025-23)

The IRS encouraged taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax […]

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IRS Highlights Essentials for Tax Filing (IR-2025-23)

FL - Guidance provided for insurers that pay the state fire marshal regulatory assessment

Guidance is provided for property and casualty insurers that write inland marine insurance and pay the State Fire Marshal Regulatory […]

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FL - Guidance provided for insurers that pay the state fire marshal regulatory assessment

2025 Standard Mileage Rates Released (Notice 2025-5; IR-2024-312)

The IRS released the optional standard mileage rates for 2025. Most taxpayers may use these rates to compute deductible costs […]

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2025 Standard Mileage Rates Released (Notice 2025-5; IR-2024-312)

IRS Introduces New Measures to Combat Tax Scams During 2025 Filing Season (IR-2025-12)

The IRS, in partnership with the Coalition Against Scam and Scheme Threats (CASST), has unveiled new initiatives for the 2025 […]

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IRS Introduces New Measures to Combat Tax Scams During 2025 Filing Season (IR-2025-12)

IRS Reminds Taxpayers of Disaster Deadlines (IR-2025-1)

The IRS reminded disaster-area taxpayers that they have until February 3, 2025, to file their 2023 returns, in the entire […]

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IRS Reminds Taxpayers of Disaster Deadlines (IR-2025-1)

IRS to Issue Automatic Recovery Rebate Credit Payments for 2021 Tax Year (IR-2024-314)

The IRS has announced plans to issue automatic payments to eligible individuals who failed to claim the Recovery Rebate Credit on their […]

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IRS to Issue Automatic Recovery Rebate Credit Payments for 2021 Tax Year (IR-2024-314)

FL - Motor vehicle sales tax rates by state issued

Florida has issued motor vehicle sales tax rates by state as of January 15, 2025. Florida law allows a partial […]

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FL - Motor vehicle sales tax rates by state issued

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 […]

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FL - 2025 governmental leasehold intangible tax valuation factor table released