Newsletters

No Plans To Extend BOI Reporting Deadline – Yellen

Department of the Treasury Secretary Janet Yellen said there are no plans to extend the Beneficial Ownership Information reporting deadline. […]

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IRA Compliance Initiatives Yield More Than $1 Billion – IRS, IR-2024-185

Compliance initiatives using supplemental Inflation Reduction Act funding have resulted in the Internal Revenue Service collecting more than $1 billion […]

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Treasury Issues Regulations on Brokers’ Sales and Exchanges of Digital Assets, T.D. 10000; IR-2024-178; FS-2024-23; Rev. Proc. 2024-28; Notice 2024-56; Notice 2024-57

The Treasury Department and IRS have issued regulations requiring brokers of digital assets to report certain sales and exchanges. The […]

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Final Regulations on Procedural Rules for Reporting Excise Tax on Stock Repurchases Adopted, T.D. 10002; IR-2024-179

The IRS released final regulations relating to the excise tax imposed on certain sales by manufacturers, producers, or importers of […]

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IRS Issues Alerts on False Self-Employment Tax Credit Claims and Phishing and Cloud Attacks, IR-2024-187; IR-2024-188

The IRS warned taxpayers about misleading claims regarding a fictitious “Self Employment Tax Credit.” Promoters and social media posts are inaccurately suggesting […]

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IRS Needs To Do More In Underserved Markets – TIGTA

The Internal Revenue Service needs to do more in underserved markets, according to a recent report from the Treasury Inspector […]

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Virtual Currency Tax Compliance Can Be Improved – TIGTA

The Internal Revenue Service has room to improve its virtual currency tax compliance enforcement, according to the Treasury Inspector General […]

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Senate Finance Committee Hears Push for Universal Savings Accounts

A savings account with the tax benefits of a health savings account or an educations savings account but without the singular restricted focus could be something that gains traction […]

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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 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 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 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