Recent Articles

• Crypto Exchange Kraken to Turn Over Customers Activity to IRS2023 IRS and Pension Plan Limits
• ERC – IRS Addresses Shutdown of Supplier
• ERC Moratorium
• ERC and Professional Responsibility
• ERC Voluntary Disclosure Program
• ERC – Withdrawal Process
• HSA Amounts for 2024
• IRS Releases Many New Notices Etc
• K-2 K-3 Exception for Tax Year 2023
• Medicare B Premiums for 2024
• Pension Plan Limits for 2024
• Per Diem for Day Care Meals for 2023 and 2024
• Social Security Amounts for 2024
• Standard Mileage Rates Starting January 1, 2024
• Tax Professionals Need a WISP

• 2023 IRS and Pension Plan Limits
• 2023 Medicare B Premiums
• Active LLC Members Try to Avoid SE Tax (PDF)
• Alimony Interest Deduction and NOL Carryins (PDF)
• Allocation of Costs Between Land and Building (PDF)
• American Opportunity Credit Disallowed When Paid in Prior Year (PDF)
• Amway Activity Ruled a Hobby (PDF)
• Audit Issue – Is 3000 Unreported Income Too Small to Audit (PDF)
• Basis Computations Required (PDF)
• Certified Mail Usage Important for Some Tax Filings (PDF)
• Charitable Contribution Which Reduce State Taxes (PDF)
• Coronavirus Filing AND Paying Deadlines (PDF)
• Coronavirus – IRS Answers Some Questions on Stimulus Payments (PDF)
• Coronavirus – IRS Changes Mind on SS Recipients (PDF)
• Coronavirus – IRS Q&A – Tax Pro News (PDF)
• Coronavirus – IRS Q&A (Official – March 26, 2020) (PDF)
• Coronavirus Related Tax Relief (PDF)
• Crypto Donated to Charity
• Crypto Exchange Kraken to Turn Over Customers Activity to IRS2023 IRS and Pension Plan Limits
• Deferring SS Witholding (PDF)
• Depreciation – Qualified Real Property Improvements MACRS LIfe of 15 Years is Mandatory (PDF)
• Early Distribution Penalty Applies (PDF)
• Egg Donor Fees are Income (PDF)
• EIC Denied When Could Not Prove Self-Employment Income (PDF)
• EIN – Change in Obtaining EIN (PDF)
• Employee Retention Credit and Owners and Spouses
• ERC – IRS Addresses Shutdown of Supplier
• ERC Moratorium
• ERC and Professional Responsibility
• ERC Voluntary Disclosure Program
• ERC – Withdrawal Process
• Estate Tax and Late Portability Elections
• Estate Tax Closing Letter Guidance (PDF)
• Estate Taxes – Benies Liable (PDF)
• Excluded Difficulty of Care Payments are Earned Income for EIC (PDF)
• Executor Personally Liable for Estate Taxes
• Fake Return & Innocent Spouse (PDF)
• FBAR Penalty
• Final Regs on Truncation of Forms W-2 (PDF)
• First Time Homebuyer Exception Doesn’t Apply to 401k Distribution (PDF)
• Foreign Earned Income Exclusion Not Allowed – Failed Tax Home Test (PDF)
• Foreign Earned Income Exclusion Surprise (PDF)
• Form 1041 – Change in Excess Deductions on Termination (PDF)
• Form 8332 is Still Necessary (PDF)
• HSA Amounts for 2024
• Inherited IRAs & RMDs
• IRA Basis Established by Use of Cohan Rule (PDF)
• IRS Attempts to Reclassify S Corporation Shareholder Loan Repayments as Wages (PDF)
• IRS Can Charge for PTIN (PDF)
• IRS Notice 2020-18 (PDF)
• IRS Notices on Inflation Reduction Act Issues
• IRS Releases Many New Notices Etc
• IRS Waives Underpayment Penalty (PDF)
• Joint Return Valid Even with Forged Signature (PDF)
• K2 K3 Exception
• K-2 K-3 Exception for Tax Year 2023
• Keogh Denied in Connection with Corporation Director Fees (PDF)
• Legal Settlement Wasn’t Excludible from Income
• Loan From Corporation to Related Corporations Reclassified as Dividend (PDF)
• Loss Denied on Transfer of Property to Spouse  (PDF)
• Marijuana 1 (PDF)
• Marijuana 2 (PDF)
• Meal Expenses at 100 Percent for 2021 and 2022
• Meal Per Diem Deductible at 100% for 2021 and 2022
• Meals v Entertainment (PDF)
• Medicare B Premiums for 2024
• Minister Denied Expenses (PDF)
• Minister Housing Allowance Challenge (PDF)
• Minister and Love Gifts (PDF)
• Notice-2020-18 (PDF)
• OIC Terms Violated – IRS Assessed Full Tax (PDF)
• Partnership Extension Filing Date not Proven (PDF)
• Partnership K1 loss Not Allowed – Can’t Prove Basis (PDF)
• Penalty for Failure to Deposit Deferred Taxes
• Penalty for Not Filing W2s (PDF)
• Pension Plan Limits for 2024
• Pension: Stop Repaying Loan From Retirement Fund Equals Income and Penalty (PDF)
• Per Diem for Day Care Meals for 2023 and 2024
• PPP Loans and State Treatment
• PPP Related Expenses Not Previously Deducted
• Preparer Penalty Upheld (PDF)
• PTIN Fees are Legal (PDF)
• QBI Deduction and Wages Through Professional Employer Organization (PDF)
• QBI – Final Regs Make Changes (PDF)
• QBI and Rentals (PDF)
• Repayment of Advance Premium Tax Credit Under ARPA
• Rollovers – Self Certification For Additional Time  (PDF)
• SALT Refund Taxability (PDF)
• Schedule C or S Corporation – Where to Report Income (PDF)
• Schedule LEP Form 1040 (PDF)
• Social Security 2023
• Social Security Amounts for 2024
• Standard Mile Rates 2023
• Standard Mileage Rates Starting January 1, 2024
• State Taxes Reduced for Making Charitable Contributions (PDF)
• Taxpayer Blames Tax Professional (PDF)
• Tax Professionals Need a WISP
• Treatment of Tips v Service Charges Reminder (PDF)
• Unemployment Compensation Exclusion 2020 and Community Property States
• Underpayment Penalty Further Waived (PDF)
• Unemployment Compensation and ARPA
• Update on IRS Corrections of Unemployment 2020 Claims
• Vehicle Expenses Denied  (PDF)
• Withholding for 2020 – IRS Provides Excel Spreadsheet to Calculate (PDF)