Tag: Emerging Regulations

The Inflation Reduction Act allocated billions of dollars in additional funding to the IRS to help reduce the “tax gap” – the difference between what taxpayers owe and what they

The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to tax laws and retirement plans. Many of

The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is

For the third consecutive year, the IRS has provided guidance that gives some relief to taxpayers who fall under the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs

The Inflation Reduction Act (IRA) created a variety of new rules to help taxpayers to use more renewable energy and adopt numerous energy efficient improvements. In particular, the law sets

To help you make sure you don’t miss any important 2024 tax deadlines, we’ve provided this summary of when various tax-related forms, payments, and other actions are due. Please review

The IRS has taken a series of actions since July 2023 in response to what they have called a “flood of ineligible claims” for the Employee Retention Tax Credit (ERTC).

If your business files 10 or more information returns with the IRS, you now must file them electronically. This is a significant rule change that went into effect on January

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