IRS Announces New Initiative Aimed at High-Income Non-Filers
(authored by RSM US LLP) IRS announces initiative aimed at high-income earners who have not filed tax returns. IRS estimates 125,000 instances of non-filing....
07 March, 2024
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Rollout of the IRS’s $1 Billion Penalty Relief Program
The IRS is offering a penalty relief program to taxpayers affected by its operational difficulties during the pandemic. Find out if you qualify for this program that is expected to...
04 March, 2024
IRS Releases Guidance on PIN Requirement for Energy Efficiency Home Improvement Credit
(authored by RSM US LLP) The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C....
31 January, 2024
IRS Announces Details for ERC Voluntary Disclosure Program
Authored by RSM US LLP, December 22, 2023On Dec. 21, 2023, the IRS announced the details of an anticipated employee retention credit Voluntary Disclosure program (ERC-VDP) for employers who claimed and received an ERC...
12 January, 2024
IRS Delays Implementation of Lowered Form 1099-K Reporting Threshold
The IRS has postponed the implementation of the new lowered reporting threshold for Form 1099-K. Learn more about this tax form and the impact of this delay on your financial...
04 December, 2023
IRS Targets ESOPs in Efforts to Boost Compliance
IRS cracks down on ESOPs: what does this mean for your company? Gain valuable insights into the latest compliance drive, unraveling how the IRS plans to tighten oversight on employee-owned...
06 November, 2023
IRS Updates E-Signature Policy and Releases Online Accounts for Sole Proprietors
(authored by RSM US LLP) The IRS makes permanent e-signature guidance generated in response to COVID pandemic and launches online business tax account for sole proprietors....
24 October, 2023
The Home Office Deduction: Myths and Must-Knows
The home office deduction offers a valuable tax break for the self-employed, freelancers, and independent contractors. Learn about the deduction and how it may reduce your tax liability....
04 October, 2023