NEWS & INSIGHTS

A broad range of tax and information returns for 2019 and 2020 tax years will receive automatic relief from failure-to-file penalties, under Notice 2022-36 released by the IRS Wednesday.

READ THE FULL ARTICLE IN THE JOURNAL OF ACCOUNTANCY

NEWS & INSIGHTS

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

Interest rates decrease for the first quarter of 2025

IRS releases tax inflation adjustments for tax year 2025

93 Million Americans Could See Income Tax Relief Based On Trump’s Tax Plans

IRS provides relief to Francine victims in all of Louisiana; various deadlines postponed to Feb. 3, 2025

IRS Announces Updated Per Diem Rates for Lodging, Meals, and Incidentals

Deadline Approaches for Voluntary Employee Retention Credit Disclosures

Trump’s New Tax Proposal

Anticipated Changes to Social Security in 2025

Tax Showdown Between J.D. Vance and Tim Walz

Trump and Harris Present Divergent Tax Visions Ahead of 2024 Election

IRS Resumes Processing ERC Claims Amid Backlog and High Denial Rates: What Taxpayers Need to Know

Hobby or business: What people need to know if they have a side hustle

IRS warns taxpayers about misleading claims about non-existent “Self Employment Tax Credit”

Treasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans

Home improvements could help taxpayers qualify for home energy credits

Emergency preparedness plans for businesses should include financial records

Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets

IRS enhances ‘Where’s My Refund?’ tool for 2024 filing season

Never mind the myths; know the facts about receiving a Form 1099-K in 2024

Navigating the Impact of IRS E-File Delays on Tax-Exempt Organizations

Understanding Required Minimum Distributions (RMDs) and Recent Changes Under the SECURE 2.0 Act

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers

New Tax Legislation Aims to Benefit American Families and Businesses

IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023

Red flags for Employee Retention Credit Claims

IRS Increases Scrutiny on Wealthy Taxpayers and Sophisticated Schemes

Should Wealthy Clients Delay Taking Social Security?

CORRECTION: IRS issues standard mileage rates for 2023; business use increases 3 cents per mile

IRS Raises Per Diem Rates for Business Travel 2022-2023 Special Per Diem Rates

Top 5 Things Dairies Need to Know about the Employee Retention Credit

IRS Increases Mileage Rate for Remainder of 2022

Treasury Greenbook proposes to raise taxes on corporations and wealthy

IRS Provides Additional Updates to Frequently Asked Questions and Answers for 2021 Recovery Rebate Credit

Hurricane Ida tax relief extended to Feb. 15 for part or all of 6 qualifying states

Early Sunset of the Employee Retention Credit gets Penalty Relief

Standard Mileage Rates to go up in 2022

Social Security wage base, COLA set for 2022

Democrats’ tax plan kills backdoor Roths, sharply curbs founder stock loophole

IRS relieves penalties for 2019 and 2020

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