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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An individual who had electronically filed a petiton to seek redermination of tax deficiency eleven seconds after midnight of the due date had his petition dismissed as untimely. The […]
Read MoreThe American Institute of CPAs expressed support for legislation pending in the Senate that would redefine when electronic payments to the Internal […]
Read MoreWASHINGTON—The Inflation Reduction Act Strategic Operating Plan was designed to be a living document, an Internal Revenue Service official said. The plan, which outlines how the IRS plans to […]
Read MoreThe IRS Independent Office of Appeals, in coordination with the National Taxpayer Advocate, has invited public feedback on how it can improve conference options for taxpayers […]
Read MoreWASHINGTON—The Internal Revenue Service will be resuming issuing collections notices to taxpayers that were previously suspending during the COVID-19 pandemic, although a date on when […]
Read MoreThe Internal Revenue Service will use 2018 as the benchmark year for determining audit rates as it plans to increase enforcement for those individuals and businesses making more […]
Read MoreThe Supreme Court has held that the exception to the notice requirement in Code Sec. 7609(c)(2)(D)(i) does not apply where a delinquent taxpayer has a legal interest in […]
Read MoreAn IRS notice provides interim guidance describing rules that the IRS intends to include in proposed regulations regarding the domestic content bonus credit requirements for: –the Code Sec. 45 electricity production tax credit, –the new Code Sec. […]
Read MoreThe floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
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The sale, rental, and associated charges for the design, installation, removal, and storage of holiday decorations and lighting are subject […]
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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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The IRS has offered some tips to taxpayers about scammers using fake charities to exploit unsuspecting donors in the aftermath […]
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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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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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The IRS has issued a warning to taxpayers to be cautious of unscrupulous promoters claiming to offer help in resolving […]
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The IRS Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts […]
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