Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the shortened week of June 20, 2023 – June 23, 2023. (June 19 is a federal holiday.)...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 12, 2023 – June 16, 2023...more
6/21/2023
/ Energy Tax Incentives ,
Income Taxes ,
IRS ,
Real Estate Transactions ,
Revenue Procedures ,
Tax Credits ,
Tax Forms ,
Tax Reform ,
Tax Refunds ,
Tax Returns ,
U.S. Treasury ,
Withholding Tax
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 5, 2023 – June 9, 2023...more
6/13/2023
/ Business Taxes ,
Corporate Taxes ,
Failure-to-File ,
Income Taxes ,
Interest Rates ,
IRS ,
Life Insurance ,
Right To Appeal ,
Tax Deductions ,
Tax Extensions ,
Tax Penalties ,
Tax Reform ,
Tax Refunds ,
Tax Returns
The Internal Revenue Service (IRS) issued a news release reminding taxpayers to submit their 2019 income tax returns by July 17, 2023, to claim their refunds. Internal Revenue Code Section 6511 provides the period in which a...more
On June 2, 2023, US President Joe Biden announced that he has picked Marjorie Rollinson as the Internal Revenue Service (IRS) Chief Counsel, the top attorney position at the IRS. Rollinson has had a distinguished career in...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 30, 2023 – June 2, 2023....more
6/6/2023
/ Energy Tax Incentives ,
Excise Tax ,
Health Savings Accounts ,
Income Taxes ,
Inflation Reduction Act (IRA) ,
IRS ,
Revenue Procedures ,
Tax Credits ,
Tax Fraud ,
Tax Reform ,
Tax Refunds ,
Tax Returns ,
Trust Funds ,
U.S. Treasury
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 22, 2023 – May 26, 2023. ...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 15, 2023 – May 19, 2023.
May 15, 2023: The IRS released Internal Revenue Bulletin 2023-20, which...more
5/22/2023
/ FEMA ,
Health Savings Accounts ,
Income Taxes ,
Interest Rates ,
IRS ,
Natural Disasters ,
New Guidance ,
Notice of Proposed Rulemaking (NOPR) ,
Public Hearing ,
Request For Information ,
Tax Relief
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 8, 2023 – May 12, 2023...more
5/16/2023
/ Business Taxes ,
Filing Deadlines ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Mortgages ,
Natural Disasters ,
Tax Credits ,
Tax Exemptions ,
Tax Planning ,
Tax Returns
The Internal Revenue Service (IRS) has invited suggestions on improving conference options at the Independent Office of Appeals (IRS Appeals) for taxpayers and representatives who are not located near an IRS Appeals office...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 1, 2023 – May 5, 2023...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 24, 2023 – April 28, 2023...more
The Internal Revenue Service’s (IRS) Large Business and International (LB&I) Division updated its list of Active Campaigns, which includes more than 50 efforts to increase tax compliance. Each campaign identifies the practice...more
On April 3, 2023, the US Tax Court issued its opinion in Farhy v. Commissioner, holding that the Internal Revenue Service (IRS) lacked the statutory authority to both assess tax penalties under Internal Revenue Code (Code)...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 17, 2023 – April 21, 2023...more
4/25/2023
/ CARES Act ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Department of Labor (DOL) ,
Estate Tax ,
Excise Tax ,
Foreign Insurance Companies ,
Income Taxes ,
Investment ,
IRS ,
Superfund ,
Tax Credits ,
Tax Reform ,
Tax Refunds ,
Tax Returns ,
Time Extensions ,
Withholding Tax
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 10, 2023 – April 14, 2023...more
The Internal Revenue Service (IRS) has proposed regulations to clarify the rules regarding supervisory approval of federal civil tax penalties under IRC Section 6751(b). Since Chai v. Commissioner, there has been a...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 3, 2023 – April 7, 2023. ...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 20, 2023 – March 24, 2023....more
The US Senate has confirmed Daniel Werfel as the next commissioner of the Internal Revenue Service (IRS). The Senate voted 54-42, achieving bipartisan support for the nominee....more
In a surprising move, the Supreme Court of the United States (SCOTUS) dismissed a dispute involving the proper test to apply when determining whether an unnamed law firm’s mixed bag of communications involving both legal...more
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 23, 2023 – January 27, 2023.
January 23, 2023: The IRS released Internal Revenue...more
Last summer, the Supreme Court of the United States held that the 30-day time limit to file a Collection Due Process (CDP) petition is a non-jurisdictional deadline subject to equitable tolling (Boechler, P.C. v....more
On October 18, 2022, the Internal Revenue Service (IRS) announced the annual inflation adjustments for 2023 related to more than 60 tax provisions, with some increasing, some maintaining and some new additions to the list...more
Since Chai v. Commissioner, an opinion by the US Court of Appeals for the Second Circuit subsequently followed by the US Tax Court in several opinions, there has been a substantial number of cases litigating issues involving...more