Visit this page for important and timely alerts, developments, and updates from the IRS and Treasury Department that businesses and individuals may need to prepare for.

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IRS Launches ERC Voluntary Disclosure Program

February 27, 2024|

The IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), providing an opportunity for employers to correct mistaken Employee Retention Credit (ERC) claims penalty-free, with submissions due by March 22, 2024.

  • Tax Alert - Legislation

Tax Relief for American Families and Workers Act of 2024

February 22, 2024|

On January 31, 2024 the House of Representatives passed the Tax Relief for American Families and Workers Act, providing business tax breaks and expanded child care credits. Learn if you should consider filing an extension for your 2023 individual and business tax return and consult with a professional tax advisor for evaluation.

US Treasury Building

Beneficial Ownership Information (BOI) Report

October 3, 2023

Starting on January 1, 2024, millions of entities will be subject to new reporting requirements. The Beneficial Ownership Information (BOI) Report is a non-tax form that entities must file with the Department of Treasury’s Financial Crimes Enforcement Network, or FinCEN.

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