IRS Launches ERC Voluntary Disclosure Program

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.

2024-02-29T14:45:00-05:00February 27, 2024|Categories: Tax Alert, Tax: Business, Tax: Individual|Tags: |

Tax Relief for American Families and Workers Act of 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.

2024-02-27T12:24:21-05:00February 22, 2024|Categories: Tax Alert, Tax: Business, Tax: Individual|Tags: |

Tax Relief Bill Passes House, Faces Uncertain Fate in Senate

Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.

2024-02-29T14:56:13-05:00February 1, 2024|Categories: Tax: Business, Tax Alert, Tax: Individual|Tags: |

IRS Will Use AI to Help Target Partnerships and High Net Worth Individuals

The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.

2024-02-01T14:50:27-05:00January 30, 2024|Categories: Tax: Individual, Tax: Business|Tags: |

Webinar Recording | “Greatest of All-Time” Internal Revenue Code Sections

After 38 years serving hundreds of U.S. taxpayers, Tax Partner Sean O’Connell shares his “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.

2023-12-19T11:49:19-05:00December 13, 2023|Categories: Tax: Business, Tax: Exempt Organizations, Tax: Individual|Tags: , |

1099-K Reporting Requirement Delayed for 2023; New, Phased-In Approach for 2024

The IRS delayed implementing new, lower reporting requirements for Form 1099-K in 2023 and announced a phased-in approach for 2024.

2023-12-04T09:30:18-05:00December 4, 2023|Categories: Tax: Individual|Tags: |
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