Current Federal Tax Developments

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2024-07-01 IRS to Eventually Automate FTA Relief

This week we look at:

  • Ninth Circuit rules that statute of limitations for the IRS to sue for recovery of erroneous refund begins when the check clears the Federal Reserve and is approved for payment by the US Treasury

  • IRS National Taxpayer Advocate announces the IRS will automate FTA abatement of penalties beginning in 2026

  • Attorneys report some ERC claimants now interesting in filing suit to accelerate their claim processing

An audio version of this week’s braodcast can be streamed or downloaded below.

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2024-07-01 IRS to Eventually Automate FTA Relief Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with the slides and citations can be downloaded below.

2024-07-01 Current Federal Tax Developments