Alan Lasko & Associates

08/22/2022

https://www.bloomberg.com/news/articles/2022-08-22/the-irs-getting-87-000-agents-won-t-mean-more-audits-now

#2022

The agency’s new funding will help fight tax cheats, but it may not be enough to repair the damage from years of Republican budget cuts.

08/19/2022

https://www.nytimes.com/2022/08/16/business/biden-climate-tax-inflation-reduction.html

#2022

The president returned briefly from vacation to sign a bill that passed the House and Senate on party lines after more than a year of fraught negotiations.

08/15/2022

https://www.accountingtoday.com/articles/trump-organization-cfo-tax-fraud-trial-to-begin-oct-24

#2022

The defendants argued that state prosecutors had no authority to bring charges for alleged avoidance of federal income tax and suggested that some of the perks could be characterized as "gifts."

08/10/2022

https://www.accountingtoday.com/news/irs-expands-crypto-question-on-draft-version-of-1040

#2022

The wording has changed from "virtual currencies" to "digital assets" in general, and there are other changes too.

08/04/2022

https://www.journalofaccountancy.com/issues/2022/aug/irs-agent-copy-llc-return-constitutes-filing.html

#2022

If a delinquent return is submitted to and received by an authorized IRS official requesting it, the return need not be sent to an IRS service center to be considered filed, the appellate court stated.

08/02/2022

https://www.accounting.com/resources/accounting-basics-small-business/

#2022

From accounting software to bookkeepers, there are many ways to track your company's financials. Explore which is best for you.

07/13/2022

https://www.journalofaccountancy.com/news/2022/jun/tax-avoidance-schemes-round-out-dirty-dozen.html

#2022

The IRS highlights additional abusive taxpayer arrangements and tactics as its annual “Dirty Dozen” series ends.

07/13/2022

https://www.journalofaccountancy.com/issues/2022/jul/tax-debt-from-late-return-held-discharged.html

#2022

A bankruptcy court holds that the taxpayers’ return was an honest and reasonable attempt to comply with the tax law.

07/13/2022

https://www.journalofaccountancy.com/news/2022/jul/estates-now-request-late-portability-election-relief-5-years.html

The IRS extended to five years the period under which a taxpayer can use a simplified method (in lieu of a letter ruling request) to obtain an extension of time to make a portability election.

07/11/2022

https://www.thetaxadviser.com/news/2022/jun/regs-proposed-present-value-estate-deductions.html

Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.

07/11/2022

https://www.thetaxadviser.com/news/2022/jun/irs-extends-e-filing-1040-series-amended-returns.html

Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.

07/11/2022

07/11/2022

07/11/2022

07/11/2022