Tag: Emerging Regulations

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

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