Tax Blast Newsletter – October 2024
Stay informed with the October 2024 Tax Newsletter In this Issue: Remind Your Clients of the Important Tax Issues Involving Contributions and Distributions from Online Crowdfunding Employer Educational Assistance Programs Can Still be Used to Help Pay Off Workers’ Student Loans through December 31, 2025 Voluntary Disclosure Program Reopens to Help Businesses with Incorrect ERC […]
Tax Blast Newsletter – June 2024
Stay Informed with the June 2024 Tax Newsletter In this Issue: Watch Out for These Current Scams Tax Pros: Use Current Version of Offer in Compromise Booklet To Protect Against Identity Theft, IRS Adds Additional Protectionsto Centralized Authorization File, Transcript Delivery System; Changes Designed to Protect Sensitive Tax Pro, Taxpayer Information Procedures for §355 PLR […]
Tax Blast Newsletter – March 2024
This month we are including the Taxpayer Advocate annual report which defines many of the issues IRS faces and how they intend to improve on. It is worth a read, as it identifies key points which we as tax professional struggle with such as delays in correspondence and processing. It also acknowledges the improvements IRS […]
Tax Newsletter February 2024
In this Issue: Beneficial Ownership Information (BOI) & the Corporate Transparency Act (CTA) Resource Materials Developed by A.J. Reynolds Taxpayers Should Continue to Report All Cryptocurrency, Digital Asset Income Business Digital Asset Transaction Reporting Delayed – Form 8300 E-file Unavailable for Form 990-T and Form 1120-POL until March 17, 2024. An Extension Can be Filed […]
Tax Newsletter January 2024
In this Issue: 60 Tax Provisions for Tax Year 2024 – Revenue Procedure 2023-34 – IR-2023-208, Nov. 9, 2023 Employee Retention Credit IRS reminder: Still Time to Withdraw Pending ERC Claims Credit for Builders of New Energy-Efficient Homes IRS: 2024 Flexible Spending Arrangement Contribution Limit Rises by $150 Preparers Receiving Due Diligence Reminders OPR Issues […]
Tax Newsletter December 2023
In this Issue: More Q & A from the Fall Virtual Series IRS Opens Annual Self-Certification and E-file Application URL Registration IRS Reduces Fees to Obtain or Renew a PTIN 1040 MeF Production Shutdown Schedule Employee Retention Credit Eligibility Checklist: Publication5887 Educational Assistance Programs Can Help Pay Workers’ Student Loans Reminder: Payers Filing Erroneous Information Returns […]
Tax Newsletter November 2023
In this Issue: IRS Announces Withdrawal Process for Employee Retention Credit Claims Proposed Regulations for R&D Credit Coming Requesting § 6103 Information from OPR FinCEN Requests Comments on Beneficial Ownership Information Reporting Deadline Extension Notice of Proposed Rulemaking IRS Extends Relief to Farmers and Ranchers in 49 states, Other Areas Impacted by Drought; More Time […]
Tax Newsletter August 2023
In this Issue: IRS Spring Regulatory Agenda Includes Three Final and Several Proposed Regulations Expected in December Client Letter: Know the Signs of an Employee Retention Credit Scam Learn the Warning Signs of Employee Retention Credit Scams IRS Commissioner Signals New Phase of Employee Retention Credit Work; with Backlog Eliminated, Additional Procedures Will be Put […]
Tax Newsletter July 2023
In this Issue: Taxpayers Face Deadline to Claim Tax Year 2019 Refunds Authorized IRS e-file Providers/EROs information Concerning Fingerprints Helpful Information for the Military Personnel Client – Reminder for Us Bipartisan Bill Would Move Estimated Tax Deadlines to Quarterly Basis – NOT LAW YET – Heads Up Chief Counsel Advice Discusses FICA Refunds Form I-9 […]
Tax Newsletter July 2022
In This Tax Newsletter Issue: IRS Increases Mileage Rate for Remainder of 2022 TIGTA Releases Public Service Announcements Warning Taxpayers of the Ongoing Threat of IRS Impersonation Scams Senate Bill Sets Stage for Crypto Tax Clarity Illinois—Cook County Minimum Wage Increase on July 1 Connecticut Provides a 10-year Statute of Limits, Revises Other Tax Collection […]
