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PROPOSED RULE CHANGE TO CTA REPORTING:
Note from the Editor: NSTP recently provided a webinar on the Corporate Transparency Act (CTA) and the required beneficial ownership information reporting.

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TAX PRO ACCOUNTS ENHANCED:
The Internal Revenue Service has added new abilities to its online Tax Pro Account service, allowing tax practitioners to see the

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CHATBOT USE EXPANDED FOR IRS NOTICES:
Expanded chatbot technology is now available to help quickly answer basic questions for people receiving notices about possibly underreporting their taxes.

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PTIN FEES REDUCED:
The IRS has updated its regulations concerning the user fees for the application and renewal of preparer tax identification numbers, reducing the fee amount in response to excessive fee litigation.

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UPDATE FOR WEIGHTED AVERAGE INTEREST RATES, YIELD CURVES, AND SEGMENT RATES:
This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the

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2023-2024 SPECIAL PER DEIM RATES:
Notice 2023-68 SECTION 1. PURPOSE

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ERC ABUSE BRINGS RENEWED PUSH FOR REGULATION OF PAID TAX PREPARERS:
Abuse of the employee retention credit (ERC) by aggressive promoters who make questionable promises has pushed Treasury to renew the call for the regulation of paid tax return preparers, an action

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IRS ESTABLISHES SPECIAL PASS-THROUGH ORGANIZATION TO HELP WITH HIGH-INCOME COMPLIANCE EFFORTS:
IRS to establish special pass-through organization to help with high-income compliance efforts; new workgroup to blend current employees and new hires to focus on complex partnerships, othe

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