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IRS Announces New Initiatives to Restore Fairness to Tax System

On September 8, 2023, the IRS announced the start of a “sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and promotors abusing the nation’s tax laws.” (IR-2023-166) The timing of this announcement at the...

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IRS Imposes Moratorium on Employee Retention Credit

Just a month after the Internal Revenue Service (IRS) released guidance on how federal credit unions may claim the employee retention credit (ERC), the agency issued a moratorium on processing new claims for the credit. The moratorium is expected to last at least until the...

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Tax Court Dismisses Petition Filed 11 Seconds Late

“In delay there lies no plenty.” – William Shakespeare, Twelfth Night, Act II, Scene III (circa 1601). In a recent decision, Sanders v. Commissioner, 160 T.C. No.16 (2023), the United States Tax Court held that the court was required to dismiss the case for lack...

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