2022 Takeaways From CPARBy Colin WalshNovember 2022The Centralized Partnership Audit Regime created a new system for the IRS to examine most Forms 1065.
The Current State of the IRS and Future Enforcement PrioritiesBy James CreechApril 2022IRS staffing shortfalls and COVID shutdowns have created an unacceptable backlogs of mail, unprocessed refunds, automated notices that continue despite taxpayer timely responses, and a general sense of frustration that the agency is imposing a higher burden on taxpayers than it does for itself.
A Guide to the Inflation Reduction Act’s Clean New Vehicle CreditBy Philip D. SpeicherNovember 2022The Inflation Reduction Act, which adopts tax increases that are estimated to raise approximately $640 billion in additional tax revenue, was passed by Congress and signed by the president on August 16, 2022.
Heads Up on CCA 202142010By Patrick D. OwensNovember 2022The IRS caused some tax professions consternation when they issued Chief Counsel Advice 202142010.
Secure Act 2.0By Jonathan D. MortonApril 2022On March 29, 2022, the United States House of Representatives passed the Securing a Strong Retirement Act of 2022, which makes significant changes to the initial SECURE Act that was enacted in 2019.
