Treasury finalizes real estate safe harbor for qualified business income deduction
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InsightIRS releases additional guidance on Section 174Travis Butler, Mike Guisinger, Tim MorrisonThe IRS has released additional guidance on Section 174 specifically addressing the amortization of Specified Research and Experimental (SRE) expenditures.
InsightIRS announces audit initiatives focused on large partnerships, high earnersDan WiseThe IRS plans to use new technology, including AI, to target high-income cases for examination in an effort to improve audit selection and outcomes.
InsightIRS halts processing new ERC claims to combat fraudDana S. FriedAmid concerns of incorrect filing, in some cases due to aggressive promoters, the IRS has advised employers to review their claims. Read more.
InsightIRS delays ROTH requirement for higher-paid employees’ catch-up contributionsDana S. FriedRecent changes to retirement plan contributions for higher-paid employees will now take effect in 2026. Additional guidance is forthcoming. Read more.