Newsletters

IRS Whistleblower Office Director Discusses Significance of Whistleblower Information in Identifying Noncompliance

John Hinman, Director, IRS Whistleblower Office highlighted the importance of whistleblower information in identifying noncompliance and reducing the tax gap […]

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Senate Dems Call For Filing Extension Due to ITIN Processing Delays

A group of Senate Democrats is calling on the IRS to extend the filing deadline for those unable to file […]

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IRS Helps Taxpayers Understand How and Why Agency Representatives May Reach Out, FS-2022-33

The IRS has released a Fact Sheet to help taxpayers understand how and why agency representatives may contact them and […]

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AICPA Offers Recommendations on Required Minimum Distribution Proposal

The American Institute of CPAs offered the Internal Revenue Service a series of recommendations related to proposed regulations for required […]

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GAO Issues Report on Stimulus Checks During COVID-19 Pandemic, GAO Report: Stimulus Checks–Direct Payments to Individuals during the COVID-19 Pandemic (GAO-22-106044)

The Government Accountability Office (GAO) issued a report on stimulus checks during the Coronavirus 2019 (COVID-19) pandemic. From April 2020 […]

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OECD Delays Pillar One of International Tax Reform to Mid-2023

The Organisation for Economic Co-operations and Development (OECD) is delaying the implementation of Pillar One of the landmark agreement on […]

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Simplified Portability Election Relief Procedure Updated, Rev. Proc. 2022-32

The IRS has updated its simplified procedure for estates requesting an extension of time to make a portability election under Code […]

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Qualified Derivative Payment Reporting Under BEAT Rules Deferred Until 2025, Notice 2022-30

The IRS intends to amend the base erosion and anti-abuse tax (BEAT) regulations under Code Secs. 59A and 6038A to defer the applicability date […]

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FL - Guidance provided on change in application process for child care tax credit

Beginning October 1, 2024, taxpayers that wish to participate in the child care tax credit program must apply to the […]

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FL - Guidance provided on change in application process for child care tax credit

Changes Under SECURE 2.0 Act to Affect Amounts Report by Businesses on Forms W-2, FS-2024-29

The IRS has reminded businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the […]

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Changes Under SECURE 2.0 Act to Affect Amounts Report by Businesses on Forms W-2, FS-2024-29

IRS Urges Tax Professionals to Strengthen Security Measures Against Rising Threats, IR-2024-224

The IRS and the Security Summit concluded their eight-week summer awareness campaign by urging tax professionals to implement stronger security […]

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IRS Urges Tax Professionals to Strengthen Security Measures Against Rising Threats, IR-2024-224

IRS Reminds Employers to Use Educational Assistance Programs for Student Loan Payments Until 2025, IR-2024-227

The IRS has reminded employers that educational assistance programs can be used to help employees pay off student loans until […]

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IRS Reminds Employers to Use Educational Assistance Programs for Student Loan Payments Until 2025, IR-2024-227

IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2024-35

The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage […]

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IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2024-35

IRS Urges Taxpayers to Perform End-of-Summer Tax Checkup, IR-2024-225

The IRS has urged taxpayers to conduct an end-of-summer tax checkup to avoid unexpected tax bills in the upcoming year. […]

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IRS Urges Taxpayers to Perform End-of-Summer Tax Checkup, IR-2024-225

FL - Hillsborough County sales surtax refund announced

Hillsborough County residents and non-residents who can verify taxable expenditures with receipts or other documentation will receive compensation equal to […]

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FL - Hillsborough County sales surtax refund announced

IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199

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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IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199

FL - Correction: interest rates for second half of 2024 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 - Correction: interest rates for second half of 2024 announced

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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IRS Highlights New Business Tax Account Features, FS-2024-27