Federal Tax Topics

Proposed Rules on Corporate Stock Buybacks 

4/12/2024
The Treasury Department and IRS have announced proposed guidance concerning the one percent excise tax owed on corporate stock repurchases.

Help for Clients Who Received a Form 1099-K in 2024 

4/5/2024
IRS reports that misinformation continues to circulate about why taxpayers may or may not have received a Form 1099-K, Payment Card and Third Party Network Transactions, in 2024.

File for Unclaimed 2020 Refunds by May 17 

3/29/2024
Unclaimed tax refunds totaling more than $1 billion are waiting for about 940,000 taxpayers across the country who did not file their 2020 returns.

Transforming IRS for a Digital World 

3/29/2024
IRS commissioner Danny Werfel shared his vision for a modern and accessible IRS during a recent talk at the Kogod School of Business.

OPR Best Practices for CAF Numbers 

3/15/2024
Practitioners should maintain an up-to-date list of client authorizations that are open with IRS, and withdraw those that are no longer needed.