Note from the Editor: During the recent IRS National Tax Forum in Atlanta, Commissioner Werfel sat with a small group of stakeholders to hear concerns regarding the ongoing challenges with the
The Taxpayer Advocate Service is working with the IRS Small Business/Self-Employed Division to encourage taxpayers to file an offer in compromise in situations in which it doesn’t appear that they
If you have clients in parts of four states that were affected by springtime disaster declarations, remind them that their 2022 federal income tax returns and tax payments are due on Monday, July 3
A quick refresher on eligibility for the Employee Retention (Tax) Credit (ERC/ERTC): the credit is available to eligible employers that paid qualified wages to some or all employees after March 12,
From the Editor: FYI – The Internal Revenue Service submitted a report to Congress evaluating a Direct File option for taxpayers and is taking steps to begin a pilot project for the 2024 filing
Following a consequential loss when the Supreme Court held that non-willful foreign bank account reporting penalties apply per form, the IRS has decided to eliminate mitigation for those penalties