2024-12-24 IRS Proposes Significant Revisions to Circular 230
Dec 22 2024
Length: 55 mins
Podcast

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2024-12-24 IRS Proposes Significant Revisions to Circular 230

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Summary
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
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