IRS publishes annual per-diem Notice establishing special per diem rates for 2023-2024. #TaxTwitter irs.gov/pub/irs-drop/n…

IRS has reversed PMTA 2020-005 that held that the restoration of forfeited military pay to exonerated military service members was excludable under IRC §139F, now holding that such payments do qualify for exclusion in new PMTA 2023-004. #TaxTwitter irs.gov/pub/lanoa/pmta…

FinCEN's proposed extension of time for entities formed in 2024 to file their initial reports (90 days). Those formed after 2025 would still have to file within 30 days. #TaxTwitter public-inspection.federalregister.gov/2023-21226.pdf

Article on FinCEN's proposed rule that would delay initial filing deadline by 60 days solely for entities formed in 2024. #TaxTwitter currentfederaltaxdevelopments.com/blog/2023/9/27…

TaxNotes this morning came up with a pop-up when I logged in warning that my subscription does not allow me to send an AI bot to grab their entire database (OK, not quite worded that way but you get the point :-) ).

IRS provides employers may establish programs where the employer makes contributions for Hawaii wildfire relief on behalf of employees who forgo leave, adopting a leave based donation program. #TaxTwitter irs.gov/pub/irs-drop/n…

IRS posts news release discussion updates to capabilities for TaxPro accounts. #TaxTwitter irs.gov/newsroom/irs-d…. .

IRS issues Revenue Procedure holding that a disposal of money market funds shares at a loss would not end up being subject to the wash sale rules if substantially similar securities are acquired in the appropriate periods. #TaxTwitter irs.gov/pub/irs-drop/r…

IRS reducing PTIN fees for 2024 to $11 plus $8.75 per application. #TaxTwitter public-inspection.federalregister.gov/2023-22103.pdf

This probably qualifies as the all-time tax law bad take from a client...

JUST IN: The #IRS has issued proposed regulations (REG-117614-14) providing guidance on the treatment of property used to acquire parent stock or securities in connection with certain triangular reorganizations involving one or more foreign corporations. taxnotes.co/3rvoNTD

This week's update has been posted with information on the 2024 election to transfer a buyer's EV credit to the car dealer, warning on a marketed art tax shelter and a case goes badly with a CPA with poor records. #TaxTwitter currentfederaltaxdevelopments.com/podcasts/2023/…

WSJ reports on the boom and bust of Innovation Refunds. wsj.com/business/entre…

IRS announces a program for employers with pending ERC claims to voluntarily withdraw the claim. #TaxTwitter irs.gov/newsroom/irs-a…

My article is now posted regarding details of the IRS voluntary ERC claim withdraw program announced today. #TaxTwitter currentfederaltaxdevelopments.com/blog/2023/10/1…

Good news here per AICPA: E-Signature relief made permanent.

Apparently Sky Sports wants F1 to time travel to 1991. The introduction to the US Grand Prix Sprint Shootout today had saguaro cacti in their ending scene. Those aren't found anywhere near Austin. Maybe they found old Phoenix 1991 F1 video to borrow...

Audio and video update for this week have been posted. Discussing the IRS ERC withdraw program and the Estate of James Caan IRA rollover case. currentfederaltaxdevelopments.com/podcasts/2023/…