IRS Highlights EITC Awareness Day
On January 26, 2024, the IRS launched its annual EITC Awareness Day, an outreach campaign that is designed to help …
FTC Bars Intuit From Distorting Eligibility for TurboTax Free Edition
TurboTax Owner Intuit was prohibited by the Federal Trade Commission from marketing the “free” version of the tax preparation software …
Sample Client Letter on Beneficial Ownership Interest Reporting Requirements
The new BOI reporting requirements, effective January 1, 2024, apply to domestic and foreign companies created or registered to do …
IRS to Simplify, Redesign Notices for Upcoming Tax Seasons
The IRS announced plans to make mailed notices easier for taxpayers to read and understand over the course of the …
Connecticut Taxpayers Impacted by Storms Qualify for Tax Relief
The IRS has announced tax relief for individuals and businesses in parts of Connecticut affected by severe storms, flooding, and …
Biden Signs Legislation Averting Government Shutdown
On Friday, President Biden signed stopgap legislation to fund the federal government through early March. The bill passed both the …
IRS EO Publishes Two New Technical Guides
The IRS’s Exempt Organizations and Government Entities (EO) division has published two new Technical Guides (TG). The two newest TGs …
IRS Offers Office Hours to Answer Prefiling Registration Questions
In an EO Update newsletter, the IRS announced that it will hold office hours to help entities with the prefiling registration process …
Wyden, Smith Unveil Bipartisan Tax Framework
The top taxwriters in the House and Senate put forth a $78 billion, multi-pronged joint tax proposal highlighted by tax …
Werfel: Enforcement Initiatives Homing in on Partnerships, Large Corps
The IRS has collected over half a billion dollars from millionaires in its attempts to capture amounts owed by complex …