Current Federal Tax Developments
Business
This week we look at:
Insurers updating their advice on BOI engagements
SALT cap 2023 increase bill fails on a procedural vote in the House
Jury finds taxpayer did not willfully fail to file FBAR reports
IRS takes position third party payors liable for ERC refund repayment in addition to common law employers
IRS sending out CP271 “soft letters” to those with open ERC refund claims
S corporation has a failure of 9 trusts receiving shares from decedent
Taxpayer unsuccessfully argues she only should pay taxes on social security actually received
An audio only version of this week’s broadcast can be streamed or downloaded below:
This week’s slides and citations can be downloaded as a PDF below:
2024-02-19 Current Federal Tax Developments
2024-05-20 ERC Battles Continue
2024-05-13 Changes to CAFs and Process for Tax Pros to Obtain Transcripts
2024-05-06 IRS Can Assess Penalties for Failure to File Form 5471 per DC Circuit
2024-04-29 No Minimum Attention Required for Supervisor Approval of Penalties per Tax Court
2024-04-22 IRS Extends Limited RMD Relief But Warns They Expect This to Be the Last Time
2024-04-01 Tax Court Reverses Position on Validity of Conservation Easement Regulation
2024-03-25 ERC Voluntary Disclosure Program Is Over - What Next
2024-03-18 Last Call to Enter ERC Voluntary Disclosure Program
2024-03-11 FinCEN Announces Enforcement Reaction to Alabama Case
2024-03-04 Court Questions Constitutionality of the CTA
2024-02-26 More BOI Information from Insurer
2024-02-12 Are You Giving Bad Advice on Electronic Filing?
2024-02-05 More Movement on Proposed Retroactive Tax Bills
2024-01-29 Bipartisan Retroactive Tax Bill Clears Ways and Means Committee
2024-01-16 Form 8308 Relief
2024-01-08 IRS Mistake Stands as Taxpayer Benefits
2024-01-02 FinCEN Welcomes 2024 By Opening BOI Filing Site
2023-12-26 IRS Plays Santa With Two Relief Programs
2023-12-18 FinCEN BOI Week
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