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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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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