LATEST NEWS
Taxation on gifts or bequests from US person versus foreign person
At the Federal level, receiving a gift or inheritance has
Cannabis still Schedule I controlled substance – Section 280E applies
The Cannabis industry had some rumors in the last few months on a potential move from Schedule I
Homecare agencies – Be prepared for the CMS 80/20 Rule
If you are a homecare agency, you should be aware of potential changes from Centers for Medicare and
IRS Whistleblower program – Recent $74 million award
As you might be aware, the IRS was established by the Tax Relief and Health Care Act of
IRS Budget and Workforce for 2023 – Relevant data that you should know
The IRS shares details on how its budget is allocated to resources, the composition of its workforce, and
MORE NEWS
Navigating IRS letters of deficiency
Over the past twelve months, we’ve noticed a concerning rise in IRS deficiency notices (CP3219N) sent to taxpayers. In most cases, these
Do not get fooled – The IRS has plenty of resources and talent
You might have hear derogatory terms to refer to the IRS agents or to the entity in general, like "in my audit,
S Corporation subject to IRS scrutiny, plus bonus on developments
Similar to the IRS focus on partnership that we shared in our last week post, the S Corporation is another higher scrutiny