IRS to Set Up New Work Unit to Focus on Complex Passthrough Entities
The IRS will set up a new unit to focus on large or complex passthrough entities as it continues to...
About Victoria Bogdanovich
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Victoria Bogdanovich has contributed 178 entries to our website, so far.
Most NIL Collectives Likely Ineligible for Tax-exempt Status, IRS Advises
Nov 9, 2023
An IRS Office of Chief Counsel legal memorandum (AM 2023-004) dated May 23, 2023, asserted that many name, image, and...
No Loss Deduction from Drastic Drop in Digital Asset’s Value
Nov 6, 2023
The IRS Office of Chief Counsel (OCC) concluded in a Chief Counsel Advice memorandum (CCA) that a significant decrease in...
IRS to Modernize Regs. for Tax Sales of Seized Property
Nov 2, 2023
The IRS and Treasury issued proposed regulations Friday that would modernize provisions concerning the government’s sale of taxpayers’ property after...
ERC Suspended: What Happens Next
Oct 30, 2023
On Thursday, the IRS suspended the processing of new employee retention credit (ERC) claims to combat the prevalence of fraud. These measures...
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