Joe Mastriano CPA
000 worth of transactions — but starting in 2024, that threshold will drop to only $600. (Thisimplementation has been delayedtwice already andAICPA is lobbying for a more reasonable threshold.) The IRS is now planning a phase-in of $5,000 for tax year 2024....
Saving the S election; an analysis of recent letter rulings suggests that the IRS has been reasonable in granting waivers of S termination.Wilguess, John H