Friday, May 24, 2024

WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

 

* TaxGirl Kelly Phillips Erb wants you to subscribe to the weekly FORBES.COM “Forbes Tax Breaks” email newsletter.  

* Russ Fox discusses an issue that I, too, have dealt with (in my case concerning separate returns) in “The ‘Joy’ of 1959 Technology” at TAXABLE TALK.

* At ACCOUNTING TODAY Michael Cohn reports good news for tax pros – “IRS cuts PTIN fees” -

“ . . . the application and renewal fee would be reduced to $11, plus an extra $8.75 for payment to a third-party contractor. That was considerably lower than the 2023 fee of $30.75 for renewing or obtaining a PTIN. The move came after a federal district court ruled last year in the case of Steele v. United States that the IRS was charging excessive PTIN fees from fiscal years 2011 to 2017.”  

I still do not understand the need the need for a payment to a third-party contractor.

* More disaster relief – “IRS announces tax relief for taxpayers impacted by tornadoesin Ohio; various deadlines postponed to Sept. 3, 2024”.

* And Kay Bell reports “Iowans hit by April 26 tornadoes get disaster tax relief”.

TTFN

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