Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 20, 2023 – November 24, 2023. November 20, 2023: The IRS released Internal Revenue Bulletin 2023-47, which includes the following: Announcement 2023-32 announces the Office of Professional Responsibility’s recent disciplinary sanctions on certain lawyers, certified […] The post Weekly IRS Roundup November 20 – November 24, 2023 appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 6, 2023 – November 10, 2023. November 6, 2023: The IRS released Internal Revenue Bulletin 2023-45, which includes the following: Final regulations that increase the user fees for new and renewal enrollment of enrolled actuaries […] The post Weekly IRS Roundup November 6 – November 10, 2023 appeared first on TAX CONTROVERSY 360 ..read more

Promoters and tax advisors have extensively marketed the Employee Retention Tax Credit (ERTC) as a way for employers to reclaim Federal Insurance Contributions Act payroll taxes paid during the first two years of COVID-19. The rules governing ERTC claims are complex and nuanced, however, resulting in increased scrutiny by the Internal Revenue Service (IRS). Asserting […] The post Employers Be Forewarned and Forearmed: Recent IRS Announcements Require Action on ERTC Claims appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 30, 2023 – November 3, 2023. October 30, 2023: The IRS released Internal Revenue Bulletin 2023-44, which includes the following: Proposed regulations that would update the rules governing the IRS’s sale of taxpayer property that […] The post Weekly IRS Roundup October 30 – November 3, 2023 appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 23, 2023 – October 27, 2023. October 23, 2023: The IRS is recruiting volunteers for the Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs. VITA and TCE participants prepare millions […] The post Weekly IRS Roundup October 23 – October 27, 2023 appeared first on TAX CONTROVERSY 360 ..read more

On October 20, 2023, the Internal Revenue Service (IRS) announced new initiatives “to ensure large corporations pay taxes owed.” These initiatives leverage the substantial additional congressional funding that was given to the IRS thanks to the Inflation Reduction Act of 2022 (IRA). (We previously reported on how IRS enforcement is impacted by IRA funding here.) […] The post IRS Announces New Compliance Initiatives to Collect More Corporate Tax Using Inflation Reduction Act Funds appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 16, 2023 – October 20, 2023. October 16, 2023: The IRS published Revenue Ruling 2023-20, which provides the November 2023 applicable federal rates. October 16, 2023: The IRS announced that the deadline for 2022 income […] The post Weekly IRS Roundup October 16 – October 20, 2023 appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 9, 2023 – October 13, 2023. October 10, 2023: The IRS released Internal Revenue Bulletin 2023-41, which includes the following: Revenue Ruling 2023-19 sets forth updated terminal charge and Standard Industry Fare Level formula mileage […] The post Weekly IRS Roundup October 9 – October 13, 2023 appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 2, 2023 – October 6, 2023. October 2, 2023: The IRS released Internal Revenue Bulletin 2023-40, which includes the following: Revenue Ruling 2023-18 provides the October 2023 applicable federal rates. Notice 2023-64 provides interim guidance […] The post Weekly IRS Roundup October 2 – October 6, 2023 appeared first on TAX CONTROVERSY 360 ..read more

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 25, 2023 – September 29, 2023. September 25, 2023: The IRS released Internal Revenue Bulletin 2023-39, which includes the following: Notice 2023-63 provides interim guidance on the treatment of research and experimental expenditures under Code […] The post Weekly IRS Roundup September 25 – September 29, 2023 appeared first on TAX CONTROVERSY 360 ..read more