Recent IRS Webinar Provides Tips for ERC Voluntary Disclosure Program
By Debbie Tam On February 8, 2024, the IRS presented a webinar to provide information on the Employee Retention Voluntary Disclosure …
CPAs Submit Tweaks to Proposed Donor Advised Fund Regs
The American Institute of Certified Public Accountants (AICPA) sent a letter to leaders in the IRS Office of Chief Counsel …
IRS Analysis: Inflation Reduction Act Funds to Raise More Revenue Than Expected
In a new white paper, the IRS boasted that modernization and enforcement efforts funded by the approximately $80 billion appropriation …
Tax Expert: Timing of Tax Deal Bill May Impact Taxpayer Decision on When to File
The bipartisan tax package awaiting its fate in the Senate contains multiple retroactive provisions that would affect the current filing …
IRS Provides Depreciation Tables for Passenger Automobiles
This article originally appeared in the January 19, 2024, edition of Accounting & Compliance Alert, available on Checkpoint. Get all the …
Tax Bill Roundup: January 2024
While much attention has been paid to a bipartisan tax bill involving the child tax credit and business tax benefits, …
IRS Again Taking ITIN Acceptance Agent Applications
Following a pause to allow time for the IRS to develop a new online application process, the agency is once …
Clean Vehicle Shoppers Deserve to Look Up Credit Eligibility Online by VIN, IRS Told
At a public rulemaking hearing, an IRS panel heard testimony on the searchability of eligible vehicles via an online tool …
Tax Bill Scorers Assess Cost, Economic Impact of Temp Incentives/ERC Crackdown
In scoring the Tax Relief for American Families and Workers Act of 2024 (HR 7024), the Congressional Budget Office (CBO) …
IRS Extends Hours for Face-to-Face Taxpayer Assistance
The IRS has announced that nearly all of its Taxpayer Assistance Centers (TACs) will extend their weekly office hours during …