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2024-07-01 IRS to Eventually Automate FTA Relief

This week we look at:

Ninth Circuit rules that statute of limitations for the IRS to sue for recovery of erroneous refund begins when the check clea…

1 year, 7 months ago

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2024-06-24 Supreme Court Upholds the 965 Transition Tax

This week we look at:

Supreme Court rules, in a more divided than it may appear opinion, that the §965 transition tax is Constitutional, sustaining …

1 year, 7 months ago

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2024-06-17 Do Not Believe Your Chatbot on Tax Matters

This week we look at:

IRS provides last minute relief for payment of second quarter corporate estimated tax payments related to corporate alternativ…

1 year, 7 months ago

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2024-06-10 Estate Tax Problems for Buy Sells Funded by Life Insurance

This week we look at:

US Supreme Court rules that a requirement to redeem the decedent's shares cannot be considered to reduce the value of the enti…

1 year, 8 months ago

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2024-06-03 LLC as an S Corporation Issue

This week we look at:

IRS announces that Direct File will continue into 2025 and be expanded while maintaining other programs A taxpayer finds its n…

1 year, 8 months ago

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2024-05-27 Misleading Silences Are Sometimes Fine in Tax

This week we look at:

Yet another PLR requested for missed QSST election after S shares moved to trust following death of a shareholder Tax preparer…

1 year, 8 months ago

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2024-05-13 Changes to CAFs and Process for Tax Pros to Obtain Transcripts

This week we look at:

IRS gives update on final results for ERC voluntary compliance program and discusses the future Taxpayer's contract did not ma…

1 year, 9 months ago

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2024-04-29 No Minimum Attention Required for Supervisor Approval of Penalties per Tax Court

This week we look at:

Final regulations issued on credit transfer provisions of the Inflation Reduction Act Tax Court rules the law does mandate a m…

1 year, 9 months ago

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2024-04-22 IRS Extends Limited RMD Relief But Warns They Expect This to Be the Last Time

This week we look at:

IRS again waives penalties for certain RMD distributions for inherited IRAs and retirement plans, but indicates this should be…

1 year, 9 months ago

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2024-04-01 Tax Court Reverses Position on Validity of Conservation Easement Regulation

This week we look at

Tax Court reverses position on validity of a regulation it had upheld four years ago US Supreme Court hears oral arguments in c…

1 year, 10 months ago

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