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2024-10-28 IRS Releases Most 2025 Inflation Adjusted Numbers

This week we look at:

IRS releases inflation adjusted numbers for most items aside from retirement plans for 2023 IRS has more bad news for those wh…

1 year, 3 months ago

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2024-10-21 Staking Returns for One More Try at Court

This week we look at:

S corporation finds multiple ways to terminate its S status, asks IRS forgiveness which is granted IRS rules condoms are medic…

1 year, 3 months ago

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2024-09-09 More BOI Reporting Issues

This week we look at:

Additional BOI clarifications from online discussions regarding a CPA firm's reporting obligations and confusions about report…

1 year, 5 months ago

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2024-09-03 BOI Review Time

This week we look at:

DOJ has scheduled a December 2 hearing on the proposed rule to reschedule marijuana BOI reporting confusions that keep coming …

1 year, 5 months ago

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2024-08-26 IRS ERC Notices of Denial-Comments of the Taxpayer Advocate

This week we look at:

IRS announces the reopening of the ERC Voluntary Disclosure Program on somewhat less generous terms then the first program pro…

1 year, 5 months ago

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2024-08-05 House Passed Tax Bill Fails to Clear Cloture Vote in the Senate

This week we look at: 

Tax bill fails to clear a procedural vote in the Senate, reducing the likelihood we'll see the bill enacted before this Congr…

1 year, 6 months ago

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2024-07-29 More IRS ERC Guidance

This week we look at:

FinCEN adds two more questions to BOI FAQ page IRS adds five new warning signs for problematic ERC claims and announces new de…

1 year, 6 months ago

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2024-07-22 IRA Finalizes RMD Regulations

This week we look at:

Taxpayer can't simply rely on tax software when preparing their return, even if they aren't being nominated for Secretary of T…

1 year, 6 months ago

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2024-07-15 BOI Updates

This week we look at:

FinCEN updates the FAQs for BOI reporting, adding information about entities that cease to exist
New Jersey Committee on Unauth…

1 year, 7 months ago

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2024-07-08 Supreme Court Makes It Easier to Challenge Regulations

This week we look at

End of term US Supreme Court cases that will likely impact challenges to Treasury regulations, overturning the concept of Chevro…

1 year, 7 months ago

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