Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2024-02-19 Insurers Update BOI Guidance

February 18, 2024 by Ed Zollars, CPA

This week we look at:

  • Insurers updating their advice on BOI engagements

  • SALT cap 2023 increase bill fails on a procedural vote in the House

  • Jury finds taxpayer did not willfully fail to file FBAR reports

  • IRS takes position third party payors liable for ERC refund repayment in addition to common law employers

  • IRS sending out CP271 “soft letters” to those with open ERC refund claims

  • S corporation has a failure of 9 trusts receiving shares from decedent

  • Taxpayer unsuccessfully argues she only should pay taxes on social security actually received

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

This week’s slides and citations can be downloaded as a PDF below:

2024-02-19 Current Federal Tax Developments

February 18, 2024 /Ed Zollars, CPA
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