Tax Alerts

FBAR Relief Available for Filers Affected by Terroristic Action in Israel, FinCEN Notice FIN-2023-NTC4

The Financial Crimes Enforcement Network (FinCEN) is providing filing relief to taxpayers affected by the terroristic action in the State of Israel. Certain individuals and businesses affected by the terroristic action in Israel that are required to […]

Read More

FL – Change in unincorporated Volusia County local communications services tax rate announced

Beginning January 1, 2024, the Florida local communications services tax (CST) rate for Unincorporated Volusia County will be 0.300%. Composition […]

Read More

FL – Rate imposed on commercial rentals reduced

Effective December 1, 2023, the Florida sales and use tax rate imposed on the total rent charged for renting, leasing, […]

Read More

FinCEN Releases Compliance Guide for Small Business Beneficial Ownership Reporting, FIN-2023-NTC2

The Department of the Treasury’s Financial Crimes Enforcement Network has published a guide to help small businesses report beneficial ownership information. “This guide is the latest […]

Read More

Many Businesses Must File Form 8300 Electronically Starting in 2024, FS-2023-19; IR-2023-157

The IRS announced that starting January 1, 2024, certain businesses will be required to electronically file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. […]

Read More

Plan Sponsors Who Timely Filed Forms 8955-SSA Not Required to Respond to Certain Penalty Notices

The IRS has informed that due to a result of a programming issue in the IRS system that receives Forms 8955-SSA, […]

Read More

IRS Reminds Taxpayers to Develop Emergency Preparedness Plans, IR-2023-161

In light of September being the National Preparedness Month, the IRS has reminded taxpayers of the upcoming hurricane season and the need to develop an emergency preparedness plan. Taxpayers must be equipped with […]

Read More

IRS Hiring Employees to Expand Compliance for Large Corporations and Complex Partnership, IR-2023-172

The IRS has announced the opening of more than 3,700 positions nationwide to help with expanded enforcement work focusing on complex partnerships and large corporations. These compliance positions will be […]

Read More

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 […]

Read More
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 […]

Read More
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 […]

Read More
IRS Warns of Charity Scams Following Hurricanes Milton and Helene, IR-2024-269

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 […]

Read More
IRS Provides Safe Harbor for Amounts Paid for Condoms, Notice 2024-71

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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period