The opportunity to receive a pandemic-driven tax credit is still available to taxpayers who haven’t taken advantage of it during the main Covid outbreak. But the window of time is closing fast, making filing a claim for qualifying taxpayers (tax years 2020 or 2021) a priority. Check out our latest blog post to find out how to file your pandemic tax claim in time.…

Read more about Time Running Out to File for Recovery Rebate Credit

The IRS is increasing maximum contribution amounts for 401(k) plans in 2024. Learn more about these changes and how to advise your clients on today’s blog by Bob Williams.…

Read more about Retirement Contribution Amounts Increased for 2024

Do you have a client worried that they may have unintentionally filed an inaccurate claim for the Employee Retention Credit? The IRS is offering a way out! Read today’s blog post for more information and resources.…

Read more about The IRS Offers a Way Out to Filers Worried About Bogus Employee Retention Credit Claims

As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less thing to worry about. The agency has launched its tax relief package for victims in Maui and Hawaii counties that basically delays an array of federal individual and business tax deadlines until February 15, 2024. Read more from Bob William's article in our latest blog post.…

Read more about Hawaii Wildfire Victims Get Tax Relief from IRS

The IRS has constructed a blueprint for its future called the Paperless Processing Initiative. This plan cuts back on paper filing with the purpose of decreasing the number of printed documents it needs to process each year and speeds up tax refunds. Our latest blog post describes these intended changes and what they mean for tax professionals.…

Read more about IRS Unveils Timetable for Completely Paperless Filing by 2025

Weeks of record flooding and mountain snows brought on by an “atmospheric river" in California resulted in a federal disaster declaration from the Federal Emergency Management Agency (FEMA). While disaster victims received tax relief from filing and payment deadlines, some were confused after receiving notices from the Internal Revenue Service.…

Read more about Calif. Disaster Victims Report Confusion Following IRS Notice

A new wave of advertising is churning up interest in a tax credit intended to help businesses and non-profits that tried to retain their employees during the COVID-19 pandemic. However, the ads on TV and radio, online, and even direct mail leave out a critical fact: most of the promoters’ clients won’t qualify for the credit.…

Read more about Real Facts About Bogus Claims for the Employee Retention Credit

The Internal Revenue Service is moving ahead with a program that will offer taxpayers a new option on for filing their 2023 returns next year. Dubbed “Direct File,” a scaled-down version of the full program will allow taxpayers to file online for free, using an IRS-run website.…

Read more about Direct File Pilot to Debut Next Tax Season

The Internal Revenue Service says it has almost $1.5 billion in leftover tax refunds for 2019 taxpayers who haven’t filed—but the time remaining to claim this money is slipping away.…

Read more about Time Running Out to Claim Tax Year 2019 Refunds

The Internal Revenue Service has released its annual Dirty Dozen list of the top scams and schemes posing threats to taxpayers and tax pros, and this year sees some new schemes among the known scams from previous lists.…

Read more about 2023 Dirty Dozen Spotlights New Scams, Some Usual Suspects