Kwong v. United States: IRS Penalty Relief Opportunity
A recent decision by the U.S. Court of Federal Claims, in the case Kwong v. United States, may provide an opportunity ...
Tag: IRS
IRS Proposes Trump Account Rules Explained
On March 6, 2026, the IRS released two notices of proposed rulemaking establishing the operational framework for Trump Accounts — a new ...
AI Tax Scams Surge as IRS Goes Fully Digital in 2026
As the Internal Revenue Service moves to fully digital tax operations in 2026, cybersecurity experts warn that the modernization effort ...
IRS Notice 2026-11 Bonus Depreciation: 100% Deduction
The IRS has issued interim guidance in Notice 2026-11 on January 14, 2026, providing interim guidance on the additional first year depreciation ...
New ERC guidance from the IRS: Adjusting wages in the year ERC refund received
The Employee Retention Credit (ERC) has provided significant financial relief to qualifying businesses affected by the COVID-19 pandemic. The Internal ...
IRS Updates Form 6765 and R&D Credit Refund Process
The Internal Revenue Service (IRS) has announced important revisions to Form 6765, “Credit for Increasing Research Activities,” and modifications to ...
IRS: $1 Billion in Unclaimed Tax Refunds, File Deadline May
The IRS is reminding over one million Americans who have yet to file their 2020 tax returns that they have ...
Section 174 R&D cost capitalization updates from the IRS
Notice 2023-63, Notice 2024-12 and Revenue Procedure 2024-9 Main takeaways Notice 2023-63 provides additional context and examples related to the ...
Tax Alert: Year-end Update on IRS Requirements for Digital Asset Donations
Qualified appraisals are now needed for donations of digital assets over $5,000. As you turn your focus to year-end charitable ...
BPM Tax Replace: IRS delays processing of recent worker retention credit score claims
On September 14, 2023, the IRS issued Information Launch IR-2023-169, which imposes a moratorium on processing worker Retention Credit score ...