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IRS Issues Interim Guidance on Retirement Plan Matching Contributions Based on Student Loan Payments
Taxation
The IRS has issued interim guidance for sponsors of 401(k) and similar retirement plans that provide matching contributions…
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IRS Announces New Task Force to Stop Scams and Schemes
Taxation
A coalition comprising the IRS, state tax agencies and dozens of groups representing the nation’s tax industry has…
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IRS Reopens, Until Nov. 22, Voluntary Disclosure Program for Fixing Faulty ERC Claims
Taxation
The IRS announced that it is reopening the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention…
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Report: Local Sales Taxes Rising Across the Country
Taxation
Needing new sources of revenue, local governments across the country are raising sales tax rates or introducing new taxes,…
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IRS Issues New Security Plan Designed to Help Protect Tax Pros
Taxation
The IRS and its Security Summit partners announced that they have released an updated Written Information Security Plan…
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IRS Issues Draft Form for Digital Assets Sales and Exchanges
Taxation
The IRS has posted an early draft of updated Form 1099-DA, the form for brokers to use to report certain sale and exchange…
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IRS Postpones Tax Deadlines Until Feb. 3 for Some Hurricane Debby Victims in Florida, Georgia and the Carolinas
Taxation
Responding to the devastation recently wrought by Hurricane Debby, the IRS announced tax relief for some individuals and…
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Harris Proposes Ending Taxes on Tips
Taxation
Vice President Kamala Harris has echoed former President Donald Trump’s proposal to end taxes on tipped income for service…
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IRS Processing More Employee Retention Credit Claims, Has Moved Moratorium End Date to Jan. 1, 2024
Taxation
The IRS announced that it is accelerating Employee Retention Credit (ERC) payments as well as continuing to work on denials…
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