This tax court ruling has practical implications for business owners when implementing various tax and estate planning strategies.

On August 9, 2024, the IRS announced tax relief for individuals and businesses in South Carolina, North Carolina, Florida, and Georgia affected by Hurricane Debby.

Highlights from the recent ERC update

Florida had the second-highest number of complaints and losses, totaling $294 million. Georgia, Tennessee, and Alabama also saw significant complaints and financial losses.