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IRS SCAMS AND SCHEMES:
Here are some details behind the most recent frauds trumpeting the IRS and how taxpayers can fight back: They don't call, they don't text …

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FINCEN BENEFICIAL OWNERSHIP INFORMATION (BOI):
The Corporate Transparency Act requires certain types of U.S.

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BUSINESS TAX ACCOUNTS EXPANDED TO BUSINESS ENTITIES:
The IRS has announced (IR-2023-243) expanded capabilities and eligibility under its business tax account initiative so that individual partners of partnerships, S corporation shareholders, and sole

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DIRECT FILE UPDATE:
Provided by the Direct File Team Understanding Direct File

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QUALIFIED CHARITABLE DISTRIBUTIONS:
Individuals age 70 ½ or older may be able to exclude a qualified charitable distributio

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IRS HELPS TAXPAYERS BY PROVIDING PENALTY RELIEF ON NEARLY 5 MILLION 2020 AND 2021 TAX RETURNS:
In a major step to help people who owe back taxes, the Internal Revenue Service has

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ICYMI: NEW VOLUNTARY DISCLOSURE PROGRAM FOR EMPLOYEE RETENTION CREDITS PAYBACK AT DISCOUNTED RATE DUE BY MARCH 22, 2024:
As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service has launched a new

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IRS ANNOUNCES NEW LEADERSHIP STRUCTURE:
Internal Revenue Service Commissioner Danny Werfel has announced plans for a new leadership structure at the agency, a step designed to reflect new transformation goals and update the top of the or

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EMPLOYERS SHOULD CERTIFY EMPLOYEES BEFORE CLAIMING THE WORK OPPORTUNITY TAX CREDIT:
Giving someone a work opportunity may translate into a business tax credit for your client and greater stability for a family.

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