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Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024
IRS Reveals New Process For Third-Party Payers to Fix Erroneous ERC Claims
Third-party payers that filed prior ERC claims for multiple clients now have a way to "withdraw" those claims for clients that didn't qualify.
Attorney Flagged for Tax Evasion in New Case
In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.
IRS Revises FAQs on Premium Tax Credit
The agency updated a section in its fact sheet about the refundable credit, which helps some taxpayers afford health insurance premiums.
IRS Posts New Per Diem Tax Deduction Rates For Business Travel
Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.
Three Whistleblowers Will Share One of the Largest Awards Ever Given By the IRS
The three people will share a $74 million payout for disclosing a tax evasion scheme that enabled the IRS to collect $263 million.
IRS Offers Tax Deadline Extensions for Louisiana Due to Hurricane Francine
These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.
IRS Issues Proposed Regs for New Corporate Alternative Minimum Tax (CAMT)
The proposed regulations provide definitions and general rules for determining and identifying AFSI. They also include rules regarding various statutory and regulatory adjustments in determining AFSI.
Colorado Set to Join IRS Direct File Program in 2026
Coloradans will soon be able to file their federal income taxes online for free under a program created by the Inflation Reduction Act.