Newsletters

President Biden Signs Infrastructure Bill

The bipartisan infrastructure bill passed the House of Representatives in a late night vote on November 5 by a 228-206 […]

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IRS Releases 2022 Inflation-Adjusted Tax Tables, Standard Deduction, AMT and Other Amounts

The IRS has released the annual inflation adjustments for 2022 for the income tax rate tables, plus more than 56 […]

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2022 Inflation Adjustments for Pension Plans, Retirement Accounts Released

The 2022 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions have been released by the […]

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IRS Highlights Deductions for Cash Donations by Non-Itemizers

The IRS highlighted how expanded tax benefits help both individuals and businesses give to charity before the end of this […]

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COBRA Extension Guidance Clarified

The IRS issued a notice clarifying the application of certain extensions granted under the Consolidated Omnibus Budget Reconciliation Act of […]

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Areas Eligible for Extension of Replacement Period for Livestock Sold Because of Drought

The IRS identified drought-stricken areas where tax relief is available to taxpayers that sold or exchanged livestock because of drought. […]

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Ex-Spouse Health Insurance Premiums Deductible as Alimony

An individual was allowed to deduct the amount of premiums paid to provide health insurance coverage for his ex-spouse as […]

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IRS Highlights Tax Withholding Estimator

The IRS has reminded taxpayers that the last quarter of 2021 is a good time to check withholding. The IRS’s […]

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IRS Announces Second Remedial Amendment Cycle For Code Sec. 403(b) Pre-Approved Plans, Announcement 2024-38

The IRS announced details for the second remedial amendment cycle (Cycle 2) for Code Sec. 403(b) pre-approved plans. The IRS also addressed […]

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IRS Announces Second Remedial Amendment Cycle For Code Sec. 403(b) Pre-Approved Plans, Announcement 2024-38

IRS Publishes Fiscal Year 2024 Financial Report and Receives Award for 2023 Report, IR-2024-286

The IRS has published its latest Financial Report, providing insights into the Service’s current financial status and addressing key financial […]

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IRS Publishes Fiscal Year 2024 Financial Report and Receives Award for 2023 Report, IR-2024-286

IRS Allocates Unused Low-Income Housing Credits, Rev. Proc. 2024-41

The IRS has published the amounts of unused housing credit carryovers allocated to qualified states under Code Sec. 42(h)(3)(D) for calendar year […]

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IRS Allocates Unused Low-Income Housing Credits, Rev. Proc. 2024-41

IRS Implements Measures to Prevent Refund Delays by Accepting Duplicate Dependent Returns with IP PIN, IR-2024-294

The IRS implemented measure to avoid refund delays and enhanced taxpayer protection by accepting e-filed tax returns with dependents already […]

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IRS Implements Measures to Prevent Refund Delays by Accepting Duplicate Dependent Returns with IP PIN, IR-2024-294

IRSAC Issues 2024 Annual Report with Key Recommendations for Tax Administration, IR-2024-293

The IRS Advisory Council (IRSAC) released its 2024 annual report, offering recommendations on emerging and ongoing tax administration issues. As a […]

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IRSAC Issues 2024 Annual Report with Key Recommendations for Tax Administration, IR-2024-293

IRS Offers Checklist of Reminders as Taxpayers Prepare to File 2024 Tax Returns, IR-2024-297

The IRS has offered a checklist of reminders for taxpayers as they prepare to file their 2024 tax returns. Following […]

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IRS Offers Checklist of Reminders as Taxpayers Prepare to File 2024 Tax Returns, IR-2024-297

FL - Guidance issued on approval of constitutional amendment 5, annual inflation adjustment to homestead exemption value

Amendment 5 was approved by Florida voters in the November 5, 2024, general election for property tax purposes. This amendment: […]

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FL - Guidance issued on approval of constitutional amendment 5, annual inflation adjustment to homestead exemption value

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