Tax Alerts

Form-Related Guidance on Early Termination of Employee Retention Credit Provided

The IRS has informed that taxpayers who are not recovery startup businesses are not eligible for the employee retention credit […]

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IRS Releases New Form 8918, Material Advisor Disclosure Statement

The IRS has released a new version of Form 8918, Material Advisor Disclosure Statement, to include 2D barcodes. After June 1, […]

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IRS Revises Form 1024 to Allow Electronic Submission

The IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a), and its instructions to allow electronic […]

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IRS FAQs on Reporting Guidance for Carried Interests

The IRS has released frequently asked questions (FAQs) detailing reporting directions for certain passthrough entities and taxpayers partnership interests reporting held in […]

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IRS Launches New Verification Process for Certain Online Services

The IRS has updated how users sign in and verify their identity for certain IRS online services with a mobile-friendly […]

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IRS Issues FAQs on Coronavirus State and Local Fiscal Recovery Funds

The IRS has provided FAQs regarding Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds). The FAQs detail the tax […]

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IRS Reminds Taxpayers of Special $600 Donation Tax Deduction

The IRS has reminded taxpayers that a special tax provision will permit more individuals to easily deduct donations of up […]

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IRS Announces Launch of New Feature in CTC UP for Taxpayers to Revise Their Income

The IRS will launch a new feature on November 1, 2021, allowing any family receiving monthly Child Tax Credit (CTC) […]

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FL - 2025 governmental leasehold intangible tax valuation factor table released

For purposes of calculating the 2025 intangible personal property tax on governmental leaseholds, the Florida Department of Revenue has issued […]

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FL - 2025 governmental leasehold intangible tax valuation factor table released

Security Summit Urges Updating Digital Security to Prevent Identity Theft, IR-2024-306

The IRS, along with Security Summit partners, urged businesses and individual taxpayers to update their security measures and practices to protect against […]

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Security Summit Urges Updating Digital Security to Prevent Identity Theft, IR-2024-306

2024 Required Amendments List Issued, Notice 2024-82

The IRS has issued its 2024 Required Amendments List (2024 RA List) for individually designed employee retirement plans. RA Lists […]

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2024 Required Amendments List Issued, Notice 2024-82

IRS Reminds Low- and Moderate-Income Taxpayers of Saver’s Credit to Save Retirement Savings in 2025 and Future Years, IR-2024-298

The IRS reminded low- and moderate-income taxpayers to save for retirement now and possibly earn a tax credit in 2025 […]

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IRS Reminds Low- and Moderate-Income Taxpayers of Saver’s Credit to Save Retirement Savings in 2025 and Future Years, IR-2024-298

IRS and Security Summit Partners Warn Against Bad Tax Advice on Social Media, IR-2024-302

The IRS and Security Summit partners issued a consumer alert regarding the increasing risk of misleading tax advice on social media, which […]

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IRS and Security Summit Partners Warn Against Bad Tax Advice on Social Media, IR-2024-302

IRS and Security Summit Recommend Joining IP PIN Program, IR-2024-303

The IRS and the Security Summit partners encouraged taxpayers to join the Identity Protection Personal Identification Number (IP PIN) program at […]

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IRS and Security Summit Recommend Joining IP PIN Program, IR-2024-303

IRS Warns Taxpayers to Avoid Promoters of Fraudulent Charitable Contribution Tax Schemes, IR-2024-304

The IRS warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, […]

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IRS Warns Taxpayers to Avoid Promoters of Fraudulent Charitable Contribution Tax Schemes, IR-2024-304

FL - Seminole County local government infrastructure surtax rate continues at 1%

On November 5, 2024, voters in Seminole County approved a ballot referendum extending the expiration date of Seminole County’s 1% […]

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FL - Seminole County local government infrastructure surtax rate continues at 1%

FL - Guidance provided on temporary suspension of hillsborough county discretionary sales surtaxes

Beginning January 1, 2025, dealers should temporarily stop collecting the following Florida discretionary sales surtaxes: the Hillsborough County 0.5% indigent […]

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FL - Guidance provided on temporary suspension of hillsborough county discretionary sales surtaxes

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