Skip to main content
EMPLOYEE RETENTION CREDIT:
Note from Editor: In response to multiple requests by NSTP members, in late October we will be offering a live-streaming webinar reviewing the ERC requirements, calculations and preparation of

read more

TRUCKERS TO FILE RETURN BY AUGUST 31 DEADLINE:
The heavy highway vehicle use tax is an annual federal excise tax on heavy highway motor vehicles operating on public highways.

read more

ARE YOU MISTAKENLY DEAD TO THE IRS?
A new report, by the Treasury Inspector General for Tax Administration (TIGTA), says the IRS placed 'deceased locks' on accounts of more than 90,000 taxpayers who were very much alive.

read more

TAXPAYER NAME ORDER MATTERS ON FORM 1040:
A directive from the IRS instructions for the Form 1040, indicates that a taxpayer enters the names and Social Security numbers of the taxpayers in the same order as in the previous year.

read more

SEPARATING OR DIVORCING TAXPAYER CONSIDERATIONS:
When couples separate or divorce, the change in their relationship status affects their tax situation.

read more

ESOP COMPLIANCE ISSUES:
As part of an expanded focus on ensuring high-income taxpayers pay what they owe, the Internal Revenue Service is advising businesses and tax professionals to be alert to a range of compliance issu

read more

IRS ESTABLISHES PAPERLESS GOALS:
The Treasury Department has announced that a new IRS paperless processing initiative will be available to taxpayers by the 2024 tax filing season.

read more

CRYPTOCURRENCY STAKING REWARDS ARE INCOME:
Proof-of-stake is a protocol that allows persons who hold cryptocurrency to participate in the process of validating cryptocurrency by staking their holdings, if they hold the requisite number of u

read more

Subscribe to Blog