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
2024-01-08 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
2023-12-11 First ERC Challenge in Court
2023-12-04 State Law Limited Partners and Self Employment Tax
2023-11-27 FinCEN Becomes Part of ERC Fraud Enforcement
2023-11-20 FinCEN FAQ Update for BOI Reporting
2023-11-06 Retirement Plan Numbers Released for 2024
2023-10-30 Boyle Decision Applies to Electronic Filing
2023-10-23 An Offer The Actor Should Have Refused
2023-10-09 EV Credit Transfer to Dealer Guidance Issued
2023-10-02 Limited Delay in Some CTA BOI Initial Report Filing Dates
2023-09-25 FinCEN Issues Guide for Small Business CTA BOI Reporting
2023-09-18 Halt in ERC Claim Processing for New Claims
2023-09-11 Better Late Than Never Section 174 Guidance Arrives
2023-09-05 Electronic Filing of Information Return Mandate Issues
2023-08-28 Week of IRS Delaying Requirements
2023-08-21 Renting The Owners' Homes To Their Business Didn't Work As Well As Expected
2023-08-14 IRS Issues Warning for Certain ESOP Programs
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