March 31, 2023
The IRS recently issued a proposed regulation related to certain requirements that must be met for critical minerals and battery components for the new clean vehicle credit, as well as updated the FAQs for the clean vehicle credits.
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March 30, 2023
The IRS recently issued Revenue Ruling 2023-02, intended to reduce the abuse of stepped-up basis adjustments in irrevocable grantor trusts.
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March 22, 2023
The IRS recently revised frequently asked questions for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet FS-2023-06.
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March 17, 2023
The IRS recently posted frequently asked questions addressing whether certain costs related to nutrition, wellness and general health are medical expenses that may be paid or reimbursed under a health savings account, health flexible spending arrangement, Archer medical savings account, or health reimbursement arrangement.
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March 15, 2023
About 1 ½ years ago, I wrote an article about the “10 Biggest Myths (Missed Opportunities) of the Employee Retention Credit (ERC).”
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March 8, 2023
The IRS recently issued Notice 2023-23, providing clarification to financial institutions on changes to reporting for required minimum distributions due to the SECURE 2.0 Act.
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March 7, 2023
In response to requests from tax practitioners, the IRS Office of Professional Responsibility recently issued guidance on practitioners’ professional responsibility obligations in connection with clients’ Employee Retention Credit claims, including prior federal tax returns claiming the ERC that the practitioners did not themselves prepare.
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March 7, 2023
The Tennessee Department of Revenue recently updated various tax manuals and released a brief overview of the substantive updates.
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February 27, 2023
The IRS recently issued Notice 2023-21 to extend the lookback period for refund claims for tax returns with due dates that were postponed due to the pandemic.
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February 21, 2023
The U.S. Treasury Department and the IRS recently issued final regulations T.D. 9972, amending the rules for filing returns and other documents electronically.
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