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Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Texas A&M Axes NIL Fund, ‘12th Man Plus,’ After IRS Memo
An IRS memo in June said name, image, and likeness collectives may not qualify as tax-exempt if the main objective is paying players.
IRS Targets Monetized Installment Sales in Proposed Regs
Under the proposal, monetized installment sale deals would be considered listed transactions by the IRS.
IRS Seeks Advice on How It Can Improve Dispute Resolution Programs
Over the past two decades, the IRS has offered four principal post-filing alternative dispute resolution programs.
Treasury, IRS Set to Propose New Rules on Section 5000D Drug Excise Tax
Proposed regulations are coming on a new tax imposed on sales of “designated drugs,” established by the Inflation Reduction Act.
Home Energy Audits Are a Key Part of Qualifying for New Tax Credit, IRS Says
The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.
The Tax Blotter – August 3, 2023
Under current law, net operating losses (NOLs) can no longer be carried back for two years, but they may be carried forward indefinitely.
AICPA Pushes for Tougher Action on ERC Cheats
Among the warning signs businesses should be wary of are vendors that require large, upfront contingency fees and those who fail to sign the amended payroll tax returns.
TIGTA Says IRS Isn’t Properly Controlling Sensitive Tax Information
The report found that required tracking documents, such as Forms 3210, Document Transmittal, are not included with these shipments and/or not prepared properly.