IRS Offers Second Chance to Resolve Employee Retention Credit Claims with New Voluntary Disclosure Program
The Internal Revenue Service (IRS) has introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program as outlined in Announcement 2024-30. This […]
January 2024 Business Due Dates
January 1 – Beneficial Ownership Reporting Starts The new Beneficial Ownership Information Reporting Rule requires certain entities (most corporations, limited liability companies, […]
January 2024 Individual Due Dates
January 2 – Time to Call For Your Tax Appointment January is the beginning of tax season. If you have not made […]
IRS Disallowing 20,000 Employee Retention Credit (ERC) Claims
In its ongoing effort to combat questionable Employee Retention Credit (ERC) claims, the IRS has sent more than 20,000 letters advising taxpayers […]
It’s Here – Business Beneficial Ownership Reporting
In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for […]
1099-K Reporting Threshold Last minute Change
Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service has announced a delay of […]
Breaking: IRS Restarts Collection Notices But Adds Penalty Relief
In a significant development to assist individuals, businesses, and tax-exempt organizations grappling with back taxes, the Internal Revenue Service (IRS) has introduced […]