Newsletters

IRS Provides Guidance on IRA's Prevailing Wage and Apprenticeship Requirements and Construction/Installation Dates, Notice 2022-61; IR-2022-208

An IRS Notice provides guidance on the prevailing wage and apprenticeship requirements that the Inflation Reduction Act of 2022 ( P.L. […]

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IRS Notifies Taxpayers Of Deadlines For Withdrawals From IRA And Retirement Plans For Taxpayers Aged Above 72, IR-2022-217

The IRS has notified taxpayers, above the age of 72 years, that they can delay the withdrawal of the required minimum […]

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FinCEN Proposed Regulations Address Beneficial Ownership Information Access and Safeguards, FinCEN Proposed Rule RIN 1506-AB59

The Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM) that would implement the beneficial ownership […]

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Final Regulations Add Automatic Extension For Affordable Care Act Reporting and Clarify Minimum Essential Coverage, T.D. 9970

The IRS and the Treasury Department have released final regulations that provide some clarity and relief with regards to certain […]

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IRS Office Of Appeals To Focus On Staffing, Technology In Coming Year

A theme running through the recent Internal Revenue Service Independent Office of Appeals Focus Guide for fiscal year 2023 is […]

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Audits In 2017 And 2019 Were Not Targeted – TIGTA

Audits by the Internal Revenue Service in 2017 and 2019 were not conducted to target specific individuals, according to a […]

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Tax Gap Reaches Nearly $500 Billion, IRS Reports

The Internal Revenue Service is estimating the tax gap on tax years 2014-2016 to be $496 billion, an increase of […]

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Former IRS Commissioner Rettig Celebrates Workforce

Former Internal Revenue Service Commissioner Charles Rettig used his farewell message to highlight the work the agency’s workforce did during […]

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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 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

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

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