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2025-01-13 Tax Filing and Payment Relief for California Wildfires and More

This week we look at:

IRS Grants Tax Relief to California Wildfire Victims National Taxpayer Advocate's Report to Congress and Legislative Recommend…

1 year, 1 month ago

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2025-01-06 Digital Assets, BOI, Conservation Easements and Embezzlement

This week we look at:

IRS gives relief for specific identification of digital asset basis for certain taxpayers for 2025 only Department of Justice …

1 year, 1 month ago

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

This week we look at:

Automatic accounting method changes related to §174 extended to years beginning in 2024 BOI report - hectic week, but ultimate…

1 year, 1 month ago

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2024-12-16 IRS Expands Business Tax Accounts Features and Access

This week we look at:

President signs the two tax bills Congress recently passed DOJ asks for stay of injunction issued by US District Court in Texa…

1 year, 2 months ago

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2024-12-09 Nationwide Injunction on BOI Reporting

This week we look at:

Congress enacts two tax laws: but neither is the big one that passed the House in January but stalled in the US Senate A Texas…

1 year, 2 months ago

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2024-12-02 New Form for 83(b) Elections

This week we look at:

IRS releases optional form taxpayer can use to make an IRC §83(b) election IRS extends for one year more a transitional 45-day…

1 year, 2 months ago

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2024-11-25 IP PINs, Divorced Parents and Children

This week we look at:

IRS announces program using IP-PIN to allow taxpayers who find a dependent on their return has already been listed on another …

1 year, 2 months ago

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2024-11-18 End of Partnership Suspense Account at the IRS

This week we look at:

IRS may stop putting "taxpayer may rely" statements on proposed regulations Tax Court rules partnership basis calculations are…

1 year, 2 months ago

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2024-11-11 Post Election Issue on Tax Bills and the Reconciliation Process

This week we look at the rules involving the reconciliation process in Congress, the path that it appears most likely any tax bill enacted to deal wi…

1 year, 3 months ago

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2024-11-04 Retirement Plan Inflation Numbers

This week we look at:

Retirement plan limits announced by the IRS, basically completing the tax inflation adjustments for 2025 IRS emailed Chief Cou…

1 year, 3 months ago

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