Tax Alerts

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 federal advisory committee to the IRS commissioner, IRSAC provides a structured platform for dialogue between IRS officials and the public. The 2024 report addresses 37 key issues, including:

  • IRS funding;
  • Strategic Operating Plan assessment and analysis;
  • Reporting level of service data;
  • Hiring;
  • Online Accounts promotion;
  • Online Accounts technical support;
  • Capabilities for business online tax accounts;
  • Authorization techniques to enable businesses to utilize online accounts;
  • Identity theft prevention and resolution;
  • PTIN database and renewal system;
  • Oversight of return preparers;
  • Broadening continuing education for Enrolled Agents to include practice management topics;
  • Process for issuing new and revised forms and obtaining comment.

Taxpayers may visit the IRS website to view the full 2024 IRSAC Public Report.

IR-2024-293

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 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 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 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