Social Security Wage Base, COLA Set for 2023
The Social Security Administration recently announced that individual taxable earnings of up to $160,200 annually will be subject to the old age, survivors and disability insurance tax in 2023.
View MoreTSCPA News
= Member Only
Filter by Category:
All Featured (28) For the Public (147) Tax News (468) Accounting & Auditing (227) Business & Industry News (134) Regulatory News (112) Legislative News (49) Chapter News (36) Young CPAs (75) Students (97) TSCPA Press Releases (75)Showing : 181–190 of 468
IRS Issues Final Regulations To Revise Premium Tax Credit’s Affordability Test
The IRS recently issued final regulations T.D. 9968, modifying the affordability test for employer-sponsored minimum essential coverage for the Sec. 36B premium tax credit to take into consideration the cost of covering an employee's family members.
View MoreIRS Issues Ruling on 10-Year RMD Rule
The IRS and Treasury Department recently issued Notice 2022-53, waiving the 50% penalty on missed 2021 and 2022 required minimum distributions for inherited retirement accounts within the 10-year payout rule.
View MoreTIGTA Report Says IRS Ran Reduced Security Scanning for 3 Years
The Treasury Inspector General for Tax Administration recently released a report concluding that the IRS did not follow its formal written security policy and ran reduced vulnerability scans on its databases for at least three years starting in 2018.
View MoreIRS Updating Sign-in Process for Qualified Intermediaries
The IRS recently announced it will soon be updating sign-in procedures for some of its online applications to improve security.
View MoreIRS Extends R&D Credit Claim Transition Period
The IRS recently announced it is extending for another year the transition period during which taxpayers are provided 45 days to perfect a research and development credit claim for refund prior to the IRS’ final determination on the claim.
View MoreTIGTA Releases Report on Accuracy of Advance Child Tax Credit Payments
The Treasury Inspector General for Tax Administration recently released a report presenting the results of its audit assessing the accuracy of IRS procedures in the distribution of last year’s advance Child Tax Credit payments.
View MoreIRS Updates FAQs on Taxability and Reporting of Coronavirus State and Local Fiscal Recovery Funds
The IRS recently updated its frequently asked questions, FS-2022-36, on Coronavirus State and Local Fiscal Recovery Funds.
View MoreIRS Reports Significant Increase in Texting Scams
The IRS is warning taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
View MoreTennessee Secretary of State Warns of New Scam Targeting Tennesseans
The Tennessee Secretary of State’s office is warning Tennesseans about an official-looking mailer from TN UCC Statement Service that incorrectly implies that businesses or individuals need a copy of the UCC-1 financing statement filed against them.
View More