February 17, 2023
The U.S. Treasury Department and the IRS recently issued Notice 2023-20, providing interim guidance for insurance companies and certain other taxpayers for the new corporate alternative minimum tax until proposed regulations are issued.
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February 16, 2023
The IRS recently announced that taxpayers who receive certain notices requiring them to send information to the IRS now have the option of submitting their documentation online through IRS.gov.
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February 13, 2023
The U.S. Treasury Department and the IRS recently published guidance following the enactment of the Inflation Reduction Act to establish a program to provide solar and wind power to certain low-income areas and a program to allocate credits for qualified investments in eligible qualifying advanced energy projects.
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February 9, 2023
As part of its efforts to improve services for taxpayers, the IRS recently announced that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting refund.
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February 6, 2023
As part of a continuing effort to improve service this tax season, the IRS announced special Saturday hours for the next four months at Taxpayer Assistance Centers across the country.
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February 3, 2023
The IRS recently issued Notice 2023-16, modifying the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits.
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January 26, 2023
In a recently published overview of upcoming updates to its Franchise and Excise Tax Manual, the Tennessee Department of Revenue stated it has revised its position on foreign-derived intangible income.
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January 25, 2023
The IRS recently announced that businesses can now file Form 1099-series information returns using a new free online portal called the Information Returns Intake System.
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January 19, 2023
The IRS recently released Rev. Proc. 2023-14, issuing sharply higher new depreciation limitations for passenger automobiles for the second consecutive year.
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January 15, 2023
This article summarizes the Current Trends in Estate/Gift Tax Valuations presentation given at the Forensic and Valuation Services Conference sponsored by TSCPA on Tuesday, Oct. 25, 2022. Following a summary of recent developments, this article provides in-depth analysis of the recent Michael Jackson case from the Tax Court.
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