By: Mike Nelson, CPA, CFE, CVA In a significant move to assist individuals, businesses, and tax-exempt organizations with outstanding tax obligations, the Internal Revenue Service (IRS) has announced new penalty
For two years in a row, the IRS has deferred the enforcement of a proposed regulation that could have resulted in approximately 44 million taxpayers receiving tax documents from payment
As the year comes to a close amidst fluctuating interest rates and market dynamics, one constant remains: Reducing your business’ tax liability can improve your cash flow and bottom line.
The 2024 cost-of-living adjustments were recently release by the IRS for more than 60 tax provisions. As inflation has moderated slightly this year compared to last, many amounts will increase
2023 is a tricky year for tax planning because a few things are making it confusing. The markets are unpredictable, interest rates are high (though getting better), and there are
The IRS’ recent warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some concerns from organizations about the legitimacy of their claims for this valuable, but complex,
Amidst a surge in fraudulent applications for the ERTC, the IRS has implemented an immediate moratorium on processing new claims for the credit, which is expected to remain in effect
On August 25, the IRS unveiled a two-year postponement for the enforcement of SECURE 2.0’s mandatory Roth catch-up rule. This welcomed announcement delivers a sense of reprieve for individuals and
The internet and tv are overrun with advertisements claiming that employers are missing out on the lucrative ERTC. Although certain employers genuinely retain eligibility based on specific conditions, the IRS
New guidance has been issued by the IRS providing transitional relief related to recent legislative changes regarding the age at which taxpayers must begin taking RMDs from retirement accounts. Issued
