2024-12-23 IRS Proposes Significant Revisions to Circular 230
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
An audio only version of this week’s broadcast can be streamed or downloaded below:
Your browser doesn't support HTML5 audio
2024-12-23 IRS Proposes Signficant Revisions to Circular 230
A PDF with the slides and citations can be downloaded viaa the link below: