October 7, 2024

Treasury and IRS issue guidance on long-term, part-time employees in 403(b) retirement plans and announce delayed applicability date for related final 401(k) regulation

The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, […]
October 3, 2024

IRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify

The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North […]
October 1, 2024

Extension filers: Gather all tax info before filing

The deadline for taxpayers with an extension to file is around the corner — on Tuesday, Oct. 15. It’s important for taxpayers to gather all their […]
September 27, 2024

IRS opens new process for payroll companies, third-party payers to help clients resolve incorrect claims for the Employee Retention Credit

The Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for […]
September 24, 2024

Second ERC Voluntary Disclosure Program for improper claims is open through Nov. 22

The IRS’s second Employee Retention Credit Voluntary Disclosure Program is open and runs through Nov. 22, 2024. This ERC VDP helps businesses repay credits they received […]
September 23, 2024

IRS warns of “mills” taking advantage of taxpayers with Offer in Compromise program

The Internal Revenue Service reminds taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive […]
September 19, 2024

By law, all taxpayers have the right to finality of federal tax matters

Taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right to know when the IRS has finished an audit. […]
September 16, 2024

Beneficial Ownership Information Report

All reporting companies need to report BOI to FinCen. Reporting companies are entities created or registered in the US by filing a document with the secretary […]
September 10, 2024

IRS Online Account and identity protection PINs protect against identity thieves and scammers

IRS identity protection PINs, or IP PINs, are a vital tool to protect taxpayers from identity thieves. The IRS encourages taxpayers to get an IP PIN […]