2024-12-24 IRS Proposes Significant Revisions to Circular 230
Federal Tax Update Podcast · The Ohio Society of CPAs
December 22, 202454m 31s
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Show Notes
This week we look at:
- Automatic accounting method changes related to §174 extended to years beginning in 2024
- BOI report - hectic week, but ultimately no resolution yet for initial report due date
- 2025 mileage rates published by the IRS
- IRS finalizes regulations on supervisory approval of penalties
- IRS proposes revisions to Circular 230