IRS Highlights New Business Tax Account Features, FS-2024-27
The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]
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Changes made by the Inflation Reduction Act of 2022 ( P.L. 117-169) are reflected in draft forms and instructions for: Form […]
Read MoreThe Internal Revenue Service is estimating the tax gap on tax years 2014-2016 to be $496 billion, an increase of […]
Read MoreFormer Internal Revenue Service Commissioner Charles Rettig used his farewell message to highlight the work the agency’s workforce did during […]
Read MoreThe IRS has reminded taxpayers who are earning income from selling goods and/or providing services that they may receive Form […]
Read MoreMany taxpayers may be surprised in early 2023 when they receive a Form 1099-K, Payment Card and Third-Party Network Transactions, […]
Read MoreBeginning with their 2021 tax years, partnerships with “items of international tax relevance” must file Schedule K-2, Partners’ Distributive Share Items—International, and Schedule K-3, […]
Read MoreThe Tax Court set aside Notice 2017-10, 2017-4 I.R.B. 544, while adjudicating a series of consolidated cases involving limited liability companies […]
Read MoreThe Financial Crimes Enforcement Network (FinCEN) has issued a final rule implementing the beneficial ownership information reporting provisions under the […]
Read MoreThe IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]
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The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish […]
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The IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July […]
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The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
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The IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax […]
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The IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements […]
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The IRS has issued a cautionary alert to taxpayers about a new scam exploiting clean energy tax credits. This emerging […]
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The IRS reminded taxpayers that marijuana will remains a Schedule I controlled substance till a federal rule is published. Businesses […]
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