Newsletters

Yellen Promotes OECD Agreement, Defends Treasury Budget Before Congress

Department of the Treasury Secretary Janet Yellen is continuing to promote the agreement on international taxes reached by most members […]

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AICPA Calls On Congress To Meet IRS Budget Request; Recommends Sec. 174 Modifications

The American Institute of CPAs is calling on Congress to fund the Internal Revenue Service at the level requested by […]

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IRS Destroys Documents Amid Backlog as IG Calls For More E-Filing

A recent report by the Treasury Inspector General for Tax Administration primarily focused on the need for the Internal Revenue […]

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IRS Independent Office of Appeals Working to Reduce Cycle Times

WASHINGTON–The Internal Revenue Service’s Independent Office Of Appeals has seen its cycle times for handling appeals cases stretch to more […]

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IRS Needs Better Online Tools for Taxpayers–NTA Collins

The Internal Revenue Service is not providing taxpayers with sufficient tools to manage their accounts online, National Taxpayer Advocate Erin […]

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IRS Issues Guidance on Cash Payments Made by Employers Under Leave-Based Donation Programs Regarding Ukraine, Notice 2022-28

The IRS issued guidance on the federal income and employment tax treatment of cash payments made by employers under leave-based […]

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IRS Urges Business Owners to Take Advantage of Tax Benefits for 2022, IR-2022-100; IR-2022-101; IR-2022-103; IR-2022-104

During the National Small Business Week, May 1 to 7, the IRS highlighted tax benefits and resources tied to the theme […]

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FinCEN Behind on Anti-Money Laundering Act Implementation

The Financial Crimes Enforcement Network is behind but making progress on implementing the Anti-Money Laundering Act of 2020 (which includes […]

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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

Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217

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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Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217

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

Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216

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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Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216

IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197

The IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements […]

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IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197

IRS Issues FAQs About Social Media Scams, FS-2024-24

The IRS has warned taxpayers not to fall for scams centered around the Fuel Tax Credit, the Sick and Family […]

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IRS Issues FAQs About Social Media Scams, FS-2024-24

IRS Issues Warning on Clean Energy Tax Credit Scam, IR-2024-182

The IRS has issued a cautionary alert to taxpayers about a new scam exploiting clean energy tax credits. This emerging […]

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IRS Issues Warning on Clean Energy Tax Credit Scam, IR-2024-182

Code Sec. 280E Not Applicable to Marijuana, IR-2024-177

The IRS reminded taxpayers that marijuana will remains a Schedule I controlled substance till a federal rule is published. Businesses […]

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Code Sec. 280E Not Applicable to Marijuana, IR-2024-177

FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers

Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]

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FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers