Dear Tax School Family, Today, it is both an honor and a bittersweet moment for us as we bid farewell to a true icon in the Tax School world. After…
Read about the latest update from the IRS in News Release 2023-221, revealing a one-year delay in the planned changes for 1099-K reporting thresholds.
If the death of a taxpayer brings many complications associated with the decedent’s estate, the executors of deceased farmers must contend with a bumper crop of tax issues. While income…
The Corporate Transparency Act (CTA), PL 116-283, enacted in 2021 as part of the National Defense Authorization Act, was passed to enhance transparency in entity structures and ownership to combat…
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Learn about the new withdrawal process introduced by the IRS for Employee Retention Credit (ERC) claims and how employers can reverse inaccurate claims, avoid penalties, and navigate the complex ERC landscape.
The IRS recently issued proposed regulations regarding electric vehicle (EV) tax credits, which are anticipated to take effect January 1, 2024. As part of the Inflation Reduction Act, the new…
