In an August 9th announcement, the IRS said it has identified compliance issues for Employee Stock Ownership Plans (ESOPs). This is on the heels of recent IRS announcements regarding Malta Pension Plans, Puerto Rico...
The IRS has been extremely vocal about its intensifying scrutiny of ERC claims, with IRS Commissioner Werfel declaring at yesterday’s IRS Nationwide Tax Forum that the IRS is “increasing audit and investigative activities...
The IRS is seemingly moving from the exotic back to plain vanilla, announcing a compliance campaign focused on taxpayers that may have inflated their reported cost of goods sold to reduce their taxable income. The IRS gave no...
In proposed regulations released today, the IRS has identified monetized installment sales as listed transactions. You probably have questions – herein you will find some answers. What is a monetized installment sale?...
My mother was born and raised in the New England area, but spent the majority of her adult life in Texas. She quickly adopted southern phrases and words, like “don’t forget your raisin’”, “ya’ll”, “he’s got...
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