The proposed IRS regulations on Donor-Advised Funds introduce potential shifts in how these funds are managed. With possible retroactive effects and new compliance hurdles on the horizon, the time to...
Many of our tax accountants have observed that clients are experiencing smaller refunds for 2023, with 2024 withholding amounts also showing a reduction compared to last year. The IRS has...
Understand the IRS's new e-filing system for Form 8300, designed to simplify the reporting of cash transactions over $10,000. Learn who must file, the e-filing requirements, and how to apply...
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...
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...
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...
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....
Tax season is that time of the year that sneaks up on us before we know it. With the year flying by, it's essential to mark your calendars for the...