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2024-01-08 IRS Mistake Stands as Taxpayer Benefits

This week we look at:

New work in progress to try and obtain a bipartisan tax bill IRS gives car dealers a brief extension to file time-of-sale repo…

2 years, 1 month ago

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2024-01-02 FinCEN Welcomes 2024 By Opening BOI Filing Site

This week, we look at FinCEN's release of the BOI E-Filing site on January 1, 2024.

2 years, 1 month ago

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2023-12-26 IRS Plays Santa With Two Relief Programs

This week we look at:

IRS announces a three month Employee Retention Credit Voluntary Disclosure Program IRS provides relief from failure-to-pay pen…

2 years, 1 month ago

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2023-12-18 FinCEN BOI Week

This week we look at:

FinCEN adds more information to FAQ page, including information on PDF form Bill passes House that would give a limited extens…

2 years, 1 month ago

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2023-12-11 First ERC Challenge in Court

This week we look at:

IRS sends out a batch of 20,000 ERC rejection letters Employer files suit claiming IRS ERC guidance violated the Administrativ…

2 years, 2 months ago

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2023-12-04 State Law Limited Partners and Self-Employment Tax

This week we look at:

FinCEN finalizes extension of due date for initial BOI reports for entities created in 2024 Tax Court rules that a state law l…

2 years, 2 months ago

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2023-11-20 FinCEN FAQ Update for BOI Reporting

This week we look at:

IRS clarified FAQ on §139A and backpay for wrongfully incarcerated members of the armed services FinCEN adds to the FAQ on ben…

2 years, 2 months ago

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2023-11-13 IRS Completes Inflation Adjusted Number Lists for 2024

This week we look at:

Inflation adjusted numbers for 2024 issued by the IRS Minor revisions made in final BOI FinCEN Identifier rules The IRS issues…

2 years, 3 months ago

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2023-11-06 Retirement Plan Numbers Released for 2024

This week we look at:

2024 inflation adjusted retirement numbers released by the IRS MeF 1040 shutdown date announced by the IRS Trust found liable …

2 years, 3 months ago

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2023-10-30 Boyle Decision Applies to Electronic Filing

This week we look at

Taxpayers can't rely on paid preparer as reasonable cause for late filing, even when using electronic filing IRS could assert n…

2 years, 3 months ago

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