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ENERGY AUDITS MAY QUALIFY FOR AN ENERGY EFFICIENT HOME IMPROVEMENT CREDIT:
The IRS has issued Notice 2023-59 regarding the requirements for home energy audits for taxpayers that want to claim the energy efficient

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SOCIAL SECURITY CHECKLIST:
One of the fundamental yet often overlooked aspects of personal finance is understanding and routinely reviewing the Social Security Statement.

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IRS INVITES PUBLIC INPUT ON WAYS TO IMPROVE ALTERNATE DISPUTE RESOLUTION (ADR) PROGRAMS; SUGGESTIONS WANTED:
Note from the Editor: if you have experience with the alternate dispute resolution programs and would like to share your comments or ideas for improvement – here is your opportunity.

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BENEFICAL OWNERSHIP INFORMATION (BOI) – TAX PROFESSIONAL RESPONSIBILITY?
The upcoming requirement to report the BOI to FinCEN is schedule to go into effect on January 1, 2024.

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EMPLOYEE RETENTION CREDIT (ERC) CONCERNS CONTINUE:
Note from the Editor: During the recent IRS National Tax Forum in Atlanta, Commissioner Werfel sat with a small group of stakeholders to hear concerns regarding the ongoing challenges with the

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ICYMI: IRS ENDS UNANNOUNCED REVENUE OFFICER VISITS TO TAXPAYERS
As part of a larger transformation effort, the Internal Revenue Service has announced a major policy change that will end most

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CHANGES PROPOSED FOR OFFER IN COMPROMISE PROGRAM:
The Taxpayer Advocate Service is working with the IRS Small Business/Self-Employed Division to encourage taxpayers to file an offer in compromise in situations in which it doesn’t appear that they

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REMINDER TO STORM VICTIMS IN FOUR STATES: FILE, PAY TAX RETURN BY JULY 31
If you have clients in parts of four states that were affected by springtime disaster declarations, remind them that their 2022 federal income tax returns and tax payments are due on Monday, July 3

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IDENTITY THEFT SCAMS CONTINUE:
Tax professionals are prime targets of criminal syndicates that are both tech- and tax-savvy.

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