Schedules K-2 and K-3 e-file capability postponed for S corporations
The IRS has delayed by more than a month the rollout of an electronic filing protocol for Schedules K-2, Shareholders’ Pro...
Lien is invalid because IRS did not verify notices of deficiency
May 16, 2022
The Tax Court, in a Collection Due Process (CDP) hearing review, refused to sustain the filing of a Notice of...
Inflation boosts HSA amounts for 2023
May 12, 2022
The maximum contribution to a health savings account and certain related benchmarks will be sharply higher next year, reflecting inflation-linked...
IRS to permit reliance on frequently asked questions
May 10, 2022
On Oct. 15, 2021, the IRS announced changes that allow taxpayers to argue reliance on Service-issued frequently asked questions pages (FAQs) in...
Letters from IRS to warn taxpayers about possible QOF actions needed
Apr 20, 2022
Taxpayers who may need to take additional actions related to qualified opportunity funds (QOFs) should begin receiving letters in the...
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