Newsletters

IRS’ Rettig Reiterates Backlog, Hiring Progress Before Senate Finance Committee

Internal Revenue Service Commissioner Charles Rettig remained positive that the agency will be able to return to a normal backlog […]

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IRS Dispels Common Tax Refund Myths, IR-2022-80

The IRS addressed the following common myths about tax refunds: Myth 1: Calling the IRS or visiting an IRS office […]

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IRS Provides Reasons Why Some Tax Refunds Filed Electronically Take Longer than 21 Days, IR-2022-65

The IRS has informed taxpayers that the agency issues most refunds in less than 21 days for taxpayers who filed […]

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IRS Provides Information About 2022 Educator Deduction Increase, IR-2022-70

The IRS reminded educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses when they […]

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Letters Going Out to Taxpayers Missing Qualified Opportunity Fund Information, IR-2022-79

Taxpayers who may need to take additional actions related to Qualified Opportunity Funds (QOFs) should begin receiving letters from the […]

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IRS to Send Notices to Help Payers Correct Backup Withholding Errors, IR-2022-87

The IRS informed taxpayers that it will send Notices CP2100 and CP2100A notices to financial institutions, businesses, or payers who […]

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AICPA Pushes For More Action On Schedules K-2 And K-3 Reporting

The American Institute of CPAs reiterated its call for the Internal Revenue Service to delay the implementation of the Schedules […]

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IRS Unveils Voice and Chat Bots to Assist Taxpayers

The IRS has announced that it has begun using voice and chat bots on two of its specialized toll-free telephone […]

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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

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

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 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