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2024-12-24 IRS Proposes Significant Revisions to Circular 230

Published 1 year, 1 month ago
Description

This week we look at:

  • Automatic accounting method changes related to §174 extended to years beginning in 2024
  • BOI report - hectic week, but ultimately no resolution yet for initial report due date
  • 2025 mileage rates published by the IRS
  • IRS finalizes regulations on supervisory approval of penalties
  • IRS proposes revisions to Circular 230
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