Current Federal Tax Developments

Issues confusing CPAs regarding the BOI, including if their own firm needs to file the report.

DOJ schedules hearing on proposal to reschedule marijuana and we review BOI issues that seem to cause confusion.

The IRS announces second ERC Voluntary Disclosure Program and the National Taxpayer Advocates comments on the recent IRS Notices of Disallowances on ERC claims.

A discussion of possible authorities for deductions for specific types of online frauds and the IRS makes announcement on the future of ERC credit processing.

Cloture vote fails on the Senate on House passed tax bill and District Court declines to issue preliminary injunction ordering the IRS to end the ERC credit processing moratorium.

The IRS issues more ERC guidance and FinCEN adds more guidance to their FAQ on BOI reporting.

IRS finalizes regulations on RMDs and clears up the starting point for RMDs for those born in 1958.

A big week for FinCEN BOI reporting developments and another S corporation loses its status due to a failure to file elections for trust shareholders

A review of end of term Supreme Court cases that may bring more Treasury Regulations under challenge in court.

National Taxpayer Advocate states IRS will automatically begin issuing FTA relief, but not until 2026, Ninth Circuit issues a ruling on the statute of limitations and more.