New IRS notice 1099-K for small vendors will be subject to existing requirements for TY 2023, followed by a phased-in approach.
New IRA energy credit guidance
New ITC regulations address tax credit for solar, energy storage, geothermal, biogas, CHP and microgrid controller property
IRS issues guidance on the transfer of clean vehicle credits
The IRS and the Treasury Department have released guidance on how buyers can transfer clean vehicle credits to dealers at the time of purchase.
IRS clarifies government orders for ERC claims
OSHA communications are not government orders that support ERC eligibility in most cases says GLAM 2023-007.
IRS Releases 2024 tax inflation adjustments
IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
New York decision sheds light on broker-dealer and financial service industry
Decision addressing corporate sourcing rules to brokerage commissions and certain financial receipts provides insight under proposed regulations.
IRS updates e-signature policy and releases online accounts for sole proprietors
The IRS makes permanent e-signature guidance generated in response to COVID pandemic and launches online business tax account for sole proprietors.
What to do if you filed an employee retention credit claim with the IRS
ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility ...
IRS halts employee retention credit processing
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
Proposed regulations for digital assets are here! Now what?
Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.
IRS releases guidance on Roth catch-up contributions under SECURE 2.0
Notice 2023-62 provides an administrative transition period for Roth catch-up contributions to high-income individuals.
IRS issues proposed regs for monetized installment sales
The IRS issued proposed regulations designating certain monetized installment sale transactions as listed transactions requiring additional scrutiny
Temporary relief granted for the foreign tax credit
Notice 2023-55 provides taxpayers temporary relief from new foreign tax credit rules
IRS rules on treatment of cryptocurrency validation rewards
In a recent revenue ruling, the IRS stated that blockchain validation awards such as digital coins created by a computer algorithm are gross ...
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