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IRS ESTABLISHES PAPERLESS GOALS:
The Treasury Department has announced that a new IRS paperless processing initiative will be available to taxpayers by the 2024 tax filing season.

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CRYPTOCURRENCY STAKING REWARDS ARE INCOME:
Proof-of-stake is a protocol that allows persons who hold cryptocurrency to participate in the process of validating cryptocurrency by staking their holdings, if they hold the requisite number of u

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ENERGY AUDITS MAY QUALIFY FOR AN ENERGY EFFICIENT HOME IMPROVEMENT CREDIT:
The IRS has issued Notice 2023-59 regarding the requirements for home energy audits for taxpayers that want to claim the energy efficient

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SOCIAL SECURITY CHECKLIST:
One of the fundamental yet often overlooked aspects of personal finance is understanding and routinely reviewing the Social Security Statement.

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IRS INVITES PUBLIC INPUT ON WAYS TO IMPROVE ALTERNATE DISPUTE RESOLUTION (ADR) PROGRAMS; SUGGESTIONS WANTED:
Note from the Editor: if you have experience with the alternate dispute resolution programs and would like to share your comments or ideas for improvement – here is your opportunity.

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BENEFICAL OWNERSHIP INFORMATION (BOI) – TAX PROFESSIONAL RESPONSIBILITY?
The upcoming requirement to report the BOI to FinCEN is schedule to go into effect on January 1, 2024.

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EMPLOYEE RETENTION CREDIT (ERC) CONCERNS CONTINUE:
Note from the Editor: During the recent IRS National Tax Forum in Atlanta, Commissioner Werfel sat with a small group of stakeholders to hear concerns regarding the ongoing challenges with the

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ICYMI: IRS ENDS UNANNOUNCED REVENUE OFFICER VISITS TO TAXPAYERS
As part of a larger transformation effort, the Internal Revenue Service has announced a major policy change that will end most

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CHANGES PROPOSED FOR OFFER IN COMPROMISE PROGRAM:
The Taxpayer Advocate Service is working with the IRS Small Business/Self-Employed Division to encourage taxpayers to file an offer in compromise in situations in which it doesn’t appear that they

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