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IRS Announces Voluntary Compliance Program to Promote Disclosure by Political  Form

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this is the current federal tax developments for the week of March the 24th March 25th we'll make that 2024al tax developments are brought to you by capital and financial education and by your state Society of CPAs I'm Ed dollars and this we're going to look at what's been going on in the area of federal taxes and first you're going to start with is the ERC voluntary compliance program wound down this past week and IRS announced what they expect to see as future plans for the program the Senate finance committee chair senator weiden from Oregon indicates that they're will be a closure voter at least that he has 60 votes he thinks to allow the uh House pass tax bill to go to the floor the timing of it is somewhat uncertain and I wouldn't be expecting it to come through this week the IRS has issued proposed regulations to add a single premium annuity chable remainder annuity trust transaction to the list of listed transactions and w

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