Tax Alerts
Tax Briefing(s)
(Proposed) Tax Relief for American Families and Workers Act of 2024 (Passed by House, January 31, 202023 Tax Year-in-ReviewConsolidated Appropriations Act, 2023
IRS Emphasizes Digital Asset Income Reporting Obligation, IR-2024-18
The IRS has reminded taxpayers to report digital asset income on 2023 federal tax returns, with an updated question now on Forms 1040, Individual Income Tax Return; 1040-SR, U.S. Tax Return...
The IRS has reminded taxpayers to report digital asset income on 2023 federal tax returns, with an updated question now on Forms 1040, Individual Income Tax Return; 1040-SR, U.S. Tax Return...
Seller Report Deadlines Extended for Clean Vehicle Credits, Rev. Proc. 2024-12
For purposes of the new clean vehicle credit and the used clean vehicle credit, the IRS has extended the deadlines for submitting seller reports for vehicles placed in service in 2023 and ea...
For purposes of the new clean vehicle credit and the used clean vehicle credit, the IRS has extended the deadlines for submitting seller reports for vehicles placed in service in 2023 and ea...
Low-Income Housing Credit Allocation Increases for Disaster Zones May Be Reallocated Outside Disaster Zones, Rev. Rul. 2024-5
For purposes of the low-income housing credit, the IRS concluded that additional housing credit dollar amounts (HCDAs) for 2021 and 2022 that are returned to a state housing agency may be realloca...
For purposes of the low-income housing credit, the IRS concluded that additional housing credit dollar amounts (HCDAs) for 2021 and 2022 that are returned to a state housing agency may be realloca...
IRS Emphasizes Importance of Choosing a Trusted Tax Professional for Secure and Confidential Tax Preparation, IR-2024-31
The IRS has underscored the vital importance of selecting a tax professional carefully to safeguard personal and financial information. Taxpayers bear legal responsibility for their income tax...
The IRS has underscored the vital importance of selecting a tax professional carefully to safeguard personal and financial information. Taxpayers bear legal responsibility for their income tax...
FinCEN Issues Guidance on Inflation Adjustments to Civil Monetary Penalties
The Financial Crimes Enforcement Network (FinCEN) issued guidance on inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation AdjustmentÂ...
The Financial Crimes Enforcement Network (FinCEN) issued guidance on inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation AdjustmentÂ...
CA - Project subcomponents may qualify as pilot models for research deduction
Subcomponents of a taxpayer's project may qualify as pilot models for research expense deduction purposes under California corporate tax law. Responding to the taxpayer's request for a ruling, the Chi...
Subcomponents of a taxpayer's project may qualify as pilot models for research expense deduction purposes under California corporate tax law. Responding to the taxpayer's request for a ruling, the Chi...