Newsletters

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 […]

Read More

2024-2025 Special Per Diem Rates Released, Notice 2024-68

The IRS has released the 2024-2025 special per diem rates. Taxpayers use the per diem rates to substantiate certain expenses […]

Read More

Treasury Recovers $172 Million From Wealthy Non-Filers, IR-2024-233

The U.S. Department of the Treasury announced it has recovered $172 million from 21,000 wealthy taxpayers who have not filed […]

Read More

Progress Limited in Methodology to Keep Audit Rates Stable for Those Making Less Than $400k

The Internal Revenue Service has made limited progress in developing a methodology that would help the agency meet the directive […]

Read More

NTA Acknowledges Concerns Raised by TIGTA

National Taxpayer Advocate Erin Collins is working to address deficiencies highlighted by the Treasury Inspector General for Tax Administration regarding […]

Read More

Important Tax Guidelines on Contributions and Distributions From Online Crowdfunding Highlighted, FS-2024-28

The IRS has highlighted important tax guidelines for taxpayers who are involved in making contributions and receiving distributions from online […]

Read More

IRS Enhances Online Tools for Clean Energy Tax Incentives, IR-2024-230

The IRS has significantly improved its online tools, using funding from the Inflation Reduction Act (IRA), to facilitate taxpayers in […]

Read More

Consistent Basis Reporting Final Regulations Issued, T.D. 9991

Final regulations on consistent basis reporting have been issued under Code Secs. 1014 and 6035. Consistent Basis Requirement The general rule is that […]

Read More

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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

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