2024-03-11 FinCEN Announces Enforcement Reaction to Alabama Case

03/10/24 • -1 min

This week we look at:

FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen
IRS issues warning about companies peddling “doctor’s notes”
Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year

An audio only version of this week’s broadcast can be streamed or downloaded below

A copy of the slides and links to citations can be downloaded below:

This week we look at:

FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen
IRS issues warning about companies peddling “doctor’s notes”
Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year

An audio only version of this week’s broadcast can be streamed or downloaded below

A copy of the slides and links to citations can be downloaded below:

This week we look at:

CTA found to violate Constitution by US District Court
Tax Court issues ruling on impact of SECURE 2.0 Act statute change on returns filed before December 29, 2022 effective date of the Act
IRS warns about need to reconcile premium tax credit on Forms 1040 after seeing an increase in the number of returns being filed without the required reconciliation

Citations and slides for this week’s update can be downloaded below:

This week we look at:

FinCEN gives formal notice of appeal of CTA BOI case
Deadline rapidly approaching for entering first ERC voluntary disclosure program
Arizona lawmakers write the IRS about tax status of 2023 state rebates
Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case/

The slides and citations for this week’s broadcast can be downloaded in the PDF below: