Month: September 2023

IRS Shifts Focus of Compliance Enforcement from Working-Class to Wealthy Taxpayers

As part of an effort to restore fairness to the tax system in Hollywood FL and the rest of the country, the IRS has announced its plan to shift the focus of compliance enforcement efforts away from working class taxpayers to high-income earners, partnerships, large corporations, and promoters of abusive tax-schemes. The changes will be …

IRS Shifts Focus of Compliance Enforcement from Working-Class to Wealthy Taxpayers Read More »

IRS Releases Proposed Regulations on Prevailing Wage and Apprenticeship Requirements: 

The Treasury Department and IRS issued proposed regulations related to increased clean tax credits or deduction amounts for clean energy facilities that meet certain prevailing wage and apprenticeship (PWA) requirements enacted as part of the Inflation Reduction Act. Ensure that your auditors can assist you in properly understanding this new act. In coordination with the …

IRS Releases Proposed Regulations on Prevailing Wage and Apprenticeship Requirements:  Read More »