Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2024-12-23 IRS Proposes Significant Revisions to Circular 230

December 22, 2024 by Ed Zollars, CPA

This week we look at:

  • Automatic accounting method changes related to §174 extended to years beginning in 2024

  • BOI report - hectic week, but ultimately no resolution yet for initial report due date

  • 2025 mileage rates published by the IRS

  • IRS finalizes regulations on supervisory approval of penalties

  • IRS proposes revisions to Circular 230

An audio only version of this week’s broadcast can be streamed or downloaded below:

A PDF with the slides and citations can be downloaded viaa the link below:

2024-12-23 Current Federal Tax Developments

December 22, 2024 /Ed Zollars, CPA
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