Tax Court: Congress ‘Clearly Stated’ Filing Deadline for Innocent Spouse Review Is Jurisdictional
Congress clearly stated that the 90-day filing deadline for seeking review of an IRS determination denying innocent spouse relief is …
IRS Invites Recommendations for 2024-2025 Priority Guidance Plan
The IRS has invited the public to submit recommendations for items to be included on the 2024-2025 Priority Guidance Plan. …
Dyed Diesel Penalty Relief Granted Due to Texas Wildfires
The IRS will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 …
Client Update: Qualified Joint Venture Election for Married Business Owners
This Client Update discusses the qualified joint venture election for married couples who jointly own an unincorporated business. Generally, an unincorporated business …
Final Elective Payments of Certain Clean Energy Credits Regs Issued
The IRS has issued final regs for applicable entities that earn certain clean energy credits and choose to make an …
Reminder: ERC Voluntary Disclosure Program Ends March 22
Businesses that mistakenly submitted a claim for an Employee Retention Credit (ERC) have until March 22 to take advantage of …
Expiring Income, Estate Tax Provisions Will Increase Taxes on Farmers, Study Finds
Sunsetting provisions of recent major tax legislation benefiting individuals and businesses are expected to raise tax bills on farm households …
High-Earning Non-filers Focus of Latest IRS Enforcement Campaign
In the latest announcement from the IRS on compliance enforcement activities funded by the Inflation Reduction Act (PL 117-169), Commissioner …
District Court Finds COVID Proxy Voting Rule Unconstitutional
A Texas federal district court has found that the COVID-era proxy voting rule is an unconstitutional violation of the Constitution’s …
FAQs Address Agriculture Department’s Discrimination Financial Assistance Program
The IRS has issued frequently asked questions (FAQs) addressing the Department of Agriculture’s (USDA) Discrimination Financial Assistance Program, which was …