Specifically, on Jan. 15, 2025, they issued final regulations that would preclude IRS Appeals from entertaining taxpayer challenges to regulations, notices, and revenue procedures (IRS Guidance).

In the midst of tax season, the IRS released Rev. Proc. 2023-12 establishing new procedures for nonprofit and tax-exempt entities making miscellaneous determination requests. As with recent ...

The IRS issued the 2025 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied.

and revenue procedures, and nonauthoritative IRS documents to discern the current state of the law with respect to these core provisions of subchapter C." The proposed regulations address matters ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 6, 2023 – November 10, 2023...more ...

The tax code can be complex for those who aren’t familiar with tax lingo or tax-filing procedures and processing. Treasury Regulations found within the Internal Revenue Code provide taxpayers ...