IRS Announces Another Form 1099-K Transition Year

3 months ago

In late November, the IRS announced a delay in the $600 reporting threshold requirement for payment apps and online marketplaces.…

Tax Relief for American Families and Workers Act of 2024

3 months ago

In late January, the House of Representatives passed important bi-partisan tax legislation that provides several saving opportunities for families and…

2023 Time-of-Sale Report Submission Deadline Extended

3 months ago

Last month, the IRS announced a second reporting deadline extension for auto dealerships that sold eligible electric and other clean…

IRS Issues Guidance on Emergency Savings Accounts

4 months ago

The SECURE Act 2.0 passed into law in December 2022 calls for several updates to plan operations. Due to the…

DOL Issues Final Rule on Worker Classification

4 months ago

There has long been concern that workers have been improperly classified as independent contractors to avoid required pay minimums, insurance…

IRS Announces ERTC Voluntary Disclosure Program

4 months ago

For those companies that had already received payment, the IRS indicated there would be a voluntary disclosure program to help.…

DOL Releases 2023 Audit Quality Study

4 months ago

Over the past decade, the Department of Labor (DOL) has expressed growing concern about the quality of employee benefit plan…

BOI Reporting and Final Rule Updates from FinCEN

4 months ago

Starting in 2024, many businesses will be required to report certain information about company ownership to the Financial Crimes Enforcement…

IRS Announces Another 1099-K Reporting Delay

4 months ago

axpayers who receive payments through providers such as PayPal, Venmo, and Etsy will be happy to learn the IRS has…

IRS Expands Employee Retention Credit Enforcement

5 months ago

Earlier this week, in IR-2023-230, the IRS provided additional details on the results of enhanced enforcement efforts. Specifically, there will…