Tax Newsletter August 2023
In this Issue: IRS Spring Regulatory Agenda Includes Three Final and Several Proposed Regulations Expected in December Client Letter: Know the Signs of an Employee Retention Credit Scam Learn the Warning Signs of Employee Retention Credit Scams IRS Commissioner Signals New Phase of Employee Retention Credit Work; with Backlog Eliminated, Additional Procedures Will be Put […]
Tax Newsletter July 2023
In this Issue: Taxpayers Face Deadline to Claim Tax Year 2019 Refunds Authorized IRS e-file Providers/EROs information Concerning Fingerprints Helpful Information for the Military Personnel Client – Reminder for Us Bipartisan Bill Would Move Estimated Tax Deadlines to Quarterly Basis – NOT LAW YET – Heads Up Chief Counsel Advice Discusses FICA Refunds Form I-9 […]
Tax Newsletter July 2022
In This Issue IRS Increases Mileage Rate for Remainder of 2022 TIGTA Releases Public Service Announcements Warning Taxpayers of the Ongoing Threat of IRS Impersonation Scams Senate Bill Sets Stage for Crypto Tax Clarity Illinois—Cook County Minimum Wage Increase on July 1 Connecticut Provides a 10-year Statute of Limits, Revises Other Tax Collection Provisions, and […]
Tax Newsletter April 2022
2022 Filing Season Updates! In This Issue: Taxpayer Experience Office Formally Established IRS Update Regarding Recent Electronic Filing Challenges in Connection with Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations President Biden Signs Executive Order on Digital Assets Iowa Tax Changes IRS Finalizes Fee Increase for SEE, Proposes Higher EA Fees Crowdfunding May […]
Tax Newsletter February 2022
2022 Tax Season Begins on January 24th 2022, and Announces Deadline Information In This Issue List of Provisions Expiring in 2021 – Tax Planning Issues The 2022 Form W-4 Employee’s Withholding Certificate IRS Corrects the American Opportunity Tax Credit Identification Requirement in the FAQ’s IRS Announced Delays in Processing Employer Credit Advanced Payments FS-2022-02 Announcement […]
Tax Newsletter September 2021
Reminder: Register for the Virtual Tax Seminars: Each session includes 7 hours of Tax Law and 1 hour of Ethics Virtual Tax Seminar Information is available here: Fall & Year-End Tax Seminars In This Issue Paid Leave Credits Available for Providing Leave to Employees Caring for Individuals Obtaining or Recovering from COVID Immunization R. 3684: To […]
Tax Newsletter March 2021
Your Guide to the 2021 Tax Season How is your tax season going? Do you have new tax preparers on your team who might need a refresher? Check out our summer Tax Boot Camp series on the webinar schedule. Or sign up for the Unlimited package now for $199. In This Issue Issue 1A: IRS Commissioner […]
Getting Ready for the 2021 Tax Season
Tax Planning 2021 New in 2021: Those who Did Not receive an EIP may be able to claim the Recovery Rebate Credit Clients may be able to claim the Recovery Rebate Credit if they met the eligibility criteria in 2020 and: They didn’t receive an Economic Impact Payment this year, or Their Economic Impact Payment […]
Tax Newsletter: December 2020
Important Update to the November Newsletter – Concerning Marketplace and Healthcare Subsidy – May Impact Your Client Please review the first page of the November Newsletter to get the background on this issue – here is what has happened thus far: The client’s return has been received but on where’s my refund – it says […]
Tax Newsletter: November 2020 Secure Act Part 2?
Will we see a Secure Act Part 2? As we approach the end of– an unexpected, unbelievable 2020 year – many will remember this year for the virus and the extended tax season. Others may remember the transition into online CPE and learning. Unfortunately, the virus will follow us in 2021, but it has been […]
