Tax Alerts

FL – Guidance provided on 2023 freedom summer sales tax holiday

Florida provides guidance regarding the 2023 Freedom Summer sales tax holiday, which began on May 29, 2023, and will run […]

FL – Taxpayers reminded of new exemption for oral hygiene products

Recent legislation enacted a Florida sales and use tax exemption for oral hygiene products. “Oral hygiene products” are defined as […]

IRS Modifies Applicability of HDHP Relief, Notice 2023-37

In light of the end of the COVID-19 public health emergency, the Treasury Department and the IRS have released guidance modifying prior guidance regarding […]

Chief Counsel Rules on Exempt Purposes Regarding NIL Collective, AM 2023-004

An organization that developed paid name, image,and likeness (NIL) opportunities for student-athletes was operating for a substantial nonexempt purpose. This would […]

IRS Provides Helpful Tax Information for Military Personnel, FS-2023-14

The IRS encouraged members of the military and their families to learn more about the special tax benefits available to them. MilTax, a Department of […]

Businesses Again Warned About Employee Retention Credit Scams, IR-2023-105

The IRS has an renewed alert to warn businesses against misleading employee retention credit scams. Employee Retention Credit (ERC) is a a refundable tax […]

IRS Issues Nonconventional Source Fuel Reference Price for 2022

The IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013, for […]

IRS Highlights Payment Plan Options and Online Payment Agreement, FS-2023-15

The IRS has highlighted numerous payment plan options for taxpayers who cannot pay taxes in one go. Further, the IRS has advised taxpayers to use the Online Payment Agreement (OPA) to set it up to pay off […]