Joe B. Kristan, CPA

IRS changes course on requiring returns for rebates. IRS challenges in getting $ to non-filers. Navigating the tax credit and forgivable loan maze. All 50 states have deferred deadlines, but some more that others.

Payroll Protection Loans on the fast track. Treasury releases loan, tax credit guidance. IRS announces payroll tax penalty waiver. States gear up for transfer pricing battles. Rebates depend on "prehistoric" software.

Covid-19 relief options can be hard to figure out. What we know about the SBA forgivable loans. NOL quirks fixed by CARES Act. Virus relief? Scammers are ON IT!

Senate sends Coronavirus relief to House. Amended returns and refunds coming. Cash payments. Forgivable loans. Disaster loans and grants. IRS backs off during crisis.

Coronavirus deal imminent. Returns will be amended. Administrative adjustments will be requested. Feds clarify due date guidance. More states delay deadlines. King Zog, champion smoker.

Coronavirus legislation stalls. More states extend due dates. How proposed rebates would work, and rebate lessons from history. Meredith scores DPAD win. And live from Finland.

Internal Revenue Service extends the income tax filing and payment deadline from its traditional April 15th due date to July 15th, 2020.

No April filings or extensions required. April estimated payment deadline also pushed back to July 15.

Limited tax credit, paid leave for quarantined and isolated employees and families. Limited relief for payment due dates panned. Tax Policy for the Coronavirus crisis.

NOL carrybacks, individual business loss limits, liberalized interest deductions among items in today's proposal.

Limited and unclear April 15 relief fails to satisfy. Is IRS leaving key relief tools in the box? Suggestions for more filing relief. Other policy responses. And the bitter fruits of tax crime.

IRS issues Rev. Rul. 2020-09 prescribing April 2020 AFRs

Coronavirus relief legislation stalls. Will tax credits provide help in time for struggling employers to pay sick leave? States begin to provide relief. And is Courier a timeless font?

Now that President Trump has declared a national emergency, taxpayers await direction from the IRS regarding upcoming deadlines.

More on a possible universal 1040 extension. Do payroll tax holidays work? USPS trumps postage meter. Why taxpayers may benefit from a due date break.

Blanket extension of the April 15 deadline? Congress cool on payroll tax holiday. California virus employer relief. ACA compliance in COVID-19 era. And some non-viral news.

Taking a tax loss. Wash your hands, not your sales. Will there be a tax response to the Coronavirus?

IRS struggles with non-banked cannabis cash. Energy extenders languish. What if that 1099 is wrong? Can nagging speed up your tax refund?

How businesses who haven't been filing in all the right states might be able to make it good. Refund size is the wrong metric. How Iowa's filing season is going. China, Coronavirus and Taxes. Are corporate taxes fair?

Relief for US participants in foreign retirement and benefit plans. The Bots are coming for federal and state non-filers. TIGTA says IRS too lenient on bad refundable credit claims. HSAs, M&E, Transit funding, more!

Conservation Easements still selling despite IRS challenges. Extend that 1120-S today. Texas does Wayfair. Death of a President. Death of livestock. State income tax collections.

Supreme Court says states settle fights between group members over refunds. Vineyards get a break. Iowa preparer pleads guilty. Don't "verify your social security number." And check out Harry Truman's 1935 1040!

No signature, no $1.7M refund. New overseas housing allowances. How taxes work in Scandinavia. IRS Commisioner speaks on Crypto.

Iowa's Department of Revenue introduced a bill that contains a fix for Iowa net operating losses and changes to the partnership audit rules that would piggyback off of Federal.

An attempt to turn deferred comp into capital gain comes home with an empty bag. A return of the corporate AMT already? IRS gets personal with high-income non-filers. Sales tax trouble for an Iowa State Fair fixture. Wisconsin ponders personal property …

Where Iowa and Federal taxes differ, for now. An Eastern Iowa businessman gets 15 months for tax offenses. Also: Grain bin sales taxes, Presidential tax pardons, and more!

IRS issues Rev. Rul. 2020-06 prescribing March 2020 AFRs

State conformity may cause an unconstitutional tax. How the IRS watches you hands-free. Not outsmarting the IRS in Minnesota. And a cab driver thwarts an IRS impersonation scam.

Not filing that little form showing non-deductible basis can haunt you, or maybe your children. Also: Talking Fraud, Stealing Identities from the dead and from living students, Tax Freedom Days, and more!

The IRS changes its withholding regulations. Have you updated your W-4? How they withheld on President Lincoln. Also: IRS EIN rules raise privacy problems for bank employees. Taxpayers aren't overwhelming the IRS with 1040s yet. And much more!

Hey Partnerships, here comes the IRS! IRS explains reduced gain on insurance policy transfers. More conservation easement debacles. Candidate payroll tax proposals, vaping blowback, and more!

Iowa Governor Reynolds introduced a proposal for individual income tax cuts paired with an increase in the state sales tax rate.

Another conservation easement goes off the rails. IRS collections up; Free File underused; Bloomberg's Tax Plans; and waiting 92 years to talk to the tax authorities.

New accountings rule could change your 2019 business tax return

States with a GILTI conscience, impending interest limit regs, and more in today’s roundup. And is it crazy enough to say you don’t have to pay taxes?

Conservation easements gone wrong, Going around in circles in an O-zone, Cryptocurrency timing, and much more!

Sales-Tax Ruling Strains Small Online Sellers - Ruth Simon, Wall Street Journal ($) (via TaxProf Blog)

University town businessman with sales tax problems also has federal tax challenges - David Mullen, Ames Tribune.

TIGTA Spotlights IRS 2019 Filing Season Shortcomings, Successes - William Hoffman, Tax Notes.

IRS Clarifies that Rev. Proc. 84-35 Still Applies to Small Partnerships - Kristine A. Tidgren, Ag Docket.

Treasury Hopes to Release Final Interest Limit Rules as Package - Eric Yauch, Tax Analysts.

Once More Unto the Breach: 199A Filing Season Round 2 - Eric Yauch, Tax Notes "Taxpayers and return preparers alike have digested final rules and other guidance on the passthrough deduction over the past year, but other changes may upend any sense of …

45L is a section of the Internal Revenue Code that provides a tax credit of up to $2,000 for each qualified residential dwelling unit an eligible contractor builds utilizing energy-efficient technology.

Cryptocurrency Summons Should Be Narrowed - Kristin Parillo, Tax Notes ($). “A California federal magistrate judge has recommended that a court uphold an IRS summons seeking data on an individual’s Coinbase Inc. holdings, but narrow the date range of the …

The tax law can be cruel, but it is harshest on taxpayers who don’t keep good records. The Tax Court gave an attorney a tough lesson on this last week.

Esports join NFL, other traditional games as jock tax target, Kay Bell. “Who's really surprised?”

If you are a farmer who sold to a cooperative in 2018, you will need to provide additional information if you’re looking to take advantage of deductions this tax season.