Tax cuts and Mickey’s slice; avoiding FBARs; COLA wars; and other highlights from our favorite tax bloggers.
Day: October 15, 2024
After Milton, IRS grants widespread tax relief
In the wake of Hurricane Milton, the IRS is pushing back filing and payment deadlines.
Corporate AMT rules bring complications
The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.
Intuit cuts TurboTax ad after tax pros object
The National Association of Tax Professionals criticized an ad promoting Intuit’s TurboTax full-service option, saying it encouraged taxpayers to leave their professional preparers.
AICPA objects to IRS partnership basis-shifting guidance
The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.