Located in the heart of McDonough, GA (only 30 minutes south of Atlanta), Laura S. Crumbley CPA, P.C. offers over 30 years of hands on client experience, as well as cutting edge expertise in the realm of tax and financial services.

When it comes to our clients, nothing matters more than the details. Because your name is more than a box on a form. Its an introduction.

TAX NEWS

Final regs. issued for clean energy credit transfers

The IRS issued final regulations regarding the election to transfer certain clean energy tax credits. The regulations include specific rules for partnerships and S corporations as eligible taxpayers and transferee taxpayers. [...]

Draft of Form 1099-DA for reporting digital asset transactions released

The draft form, which when finalized will be used by brokers to report digital asset transactions, reflects the language of the proposed regulations, including a broad definition of “broker.” [...]

IRS has mixed results from ‘ghost employer’ enforcement efforts

The IRS had mixed success in its first efforts to find employers who evade taxes, doing better in its criminal pursuit than on the civil side, the Treasury Inspector General for Tax Administration said in a recent report. [...]

Updated FAQs provide details on phase-in timing of BOI access

The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI. [...]

Despite moratorium, IRS gets 20,000 ERC claims weekly, Werfel says

IRS commissioner Danny Werfel told the Senate Finance Committee that a tax bill passed by the House in January would help the IRS combat fraud in employee retention credit claims. [...]