2024-02-19 Insurers Update BOI Guidance
Federal Tax Update Podcast · The Ohio Society of CPAs
February 18, 20241h 1m
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Show Notes
This week we look at:
- Insurers updating their advice on BOI engagements
- SALT cap 2023 increase bill fails on a procedural vote in the House
- Jury finds taxpayer did not willfully fail to file FBAR reports
- IRS takes position third party payors liable for ERC refund repayment in addition to common law employers
- IRS sending out CP271 "soft letters" to those with open ERC refund claims
- S corporation has a failure of 9 trusts receiving shares from decedent Taxpayer unsuccessfully argues she only should pay taxes on social security actually received