The Internal Revenue Service announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.
Internal Revenue Service
The Voluntary Disclosure Program runs through March 22, 2024, with the IRS adding provisions that allow repayment of 80% of the Employee Retention Credit claim received.
The Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed Employee Retention Credit claims.
The IRS on Nov. 21 announced a delay of the new $600 Form 1099-K reporting threshold for calendar year 2023. The agency will treat 2023 as an additional transition year.
As part of a larger effort to protect small businesses and organizations from scams, the IRS announced the details of a special withdrawal process to help those who filed an ERC claim and are concerned about its accuracy.
The AICPA on Thursday submitted a letter to the Treasury, the IRS and Congress requesting the release of the IRS contingency plan that would go into effect in the event of a government shutdown on Oct. 1.
The Internal Revenue Service on Thursday announced an immediate moratorium through at least the end of the year on processing new Employee Retention Credit claims to protect honest small business owners from scams.
The FICPA on Friday sent a letter to the Internal Revenue Service requesting that the IRS update its communications to extend relief to Brevard, Orange and Osceola Counties.
The Internal Revenue Service on Wednesday announced that it has added Brevard, Orange and Osceola to the list of Idalia-impacted counties being granted tax relief through Feb. 15.
Friday marks the end of Florida's 2023 Legislative Session in Tallahassee, and we're here to offer a detailed recap of our advocacy work from the last 60 days at the Capitol.