IRS
Tax Curve Ahead for Business Vehicle Owners
Make sure you keep business use above the 50% level. In addition, maintain all the driving records required by the IRS.
Foreign Intrigue on Taxable Income
A self-employed individual may claim the foreign earned income exclusion on foreign earned self-employment income.
Business Owners’ ERC Payouts Could Take Up to 160 Days, IRS Says
Small business owners are seeing delays drag out for months for the employee retention credit tax claims they've submitted.
IRS is Going After NIL Collectives’ Tax-Exempt Donations
An IRS memo says the name, image and likeness benefits provided to college athletes serve their private interests, not the public's interests.
State Department Can Revoke Passports for Taxpayers with Tax Liens or Levies
The government can deny or revoke passports of people with federal tax debts of $59,000 or more and a tax lien or levy has been filed.
Corporations Get a Reprieve From the IRS on New CAMT
The IRS waived penalties for corporations that didn't pay their estimated tax liability under the corporate alternative minimum tax.
AICPA Expresses Strong Support for Bicameral Disaster Tax Relief Legislation
The process for receiving tax filing relief from the IRS during a natural disaster can be overwhelming.
Many Californians Confused By IRS Balance Due Notices
Why? Because millions of California residents received an extension to file their 2022 taxes from the IRS due to severe weather in the state.