WPVCPA Posts

November 22, 2023

Thanksgiving Holiday Office Schedule

To our valued clients, our office will be closed on Thursday and Friday, November 23 & 24, 2023. Wishing everyone a Happy Thanksgiving! – Warner Pearson […]

November 16, 2023

Qualified charitable distributions allow eligible IRA owners up to $100,000 in tax-free gifts to charity

The Internal Revenue Service today reminded individual retirement arrangement (IRA) owners age 70½ or over that they can transfer up to $100,000 to charity tax-free each […]

November 15, 2023

IRS highlights International Fraud Awareness Week; taxpayers urged to protect against scams, schemes

As part of ongoing efforts to protect taxpayers, the Internal Revenue Service reminds people that International Fraud Awareness Week serves as an important time to protect personal and […]

November 13, 2023

Tax season rapidly approaching: Get ready now to file 2023 federal income tax returns in early 2024

With the nation’s tax season rapidly approaching, the Internal Revenue Service reminds taxpayers there are important steps they can take now to help “get ready” to […]

November 10, 2023

Employers should certify employees before claiming the Work Opportunity Tax Credit

Employers who hire people from certain groups can reduce the tax they owe when they claim the Work Opportunity Tax Credit on their federal tax return. […]

November 9, 2023

IRS provides tax inflation adjustments for tax year 2024

The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and […]

November 7, 2023

Avoid a surprise next year; review tax withholding now before time runs out

With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a […]

November 2, 2023

401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for […]

November 1, 2023

IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for time-of-sale reporting and dealer advance payments for the Clean Vehicle Credit

The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available free from the […]