March 12, 2024
The Internal Revenue Service announced today the full-scale launch of the innovative Direct File pilot and encouraged eligible taxpayers in 12 states to try the new service to file their tax returns online for free directly with the IRS.
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March 4, 2024
It’s almost time to file your 2023 business tax return. Thanks to recent legislation, beginning this year over 100,000 small businesses will no longer be required to file a return and pay this tax.
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March 1, 2024
The Internal Revenue Service announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions.
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February 23, 2024
The IRS recently announced nearly 250 IRS Taxpayer Assistance Centers around the country will extend their weekly office hours to give taxpayers additional time to get the help they need during the filing season.
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February 9, 2024
The Internal Revenue Service today updated its frequently asked questions (FAQs) for the Premium Tax Credit.
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February 7, 2024
This revenue procedure provides: (1) two tables of limitations on depreciation deductions for owners of passenger automobiles placed in service by the taxpayer during calendar year 2024; and (2) a table of dollar amounts that must be used to determine income inclusions by lessees of passenger automobiles with a lease term beginning in calendar year 2024.
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February 7, 2024
The Internal Revenue Service announced the launch of a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide child care services to their employees.
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February 6, 2024
In an effort to provide more resources for taxpayers during this filing season, the IRS recently revised frequently asked questions for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet 2024-03.
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January 29, 2024
The Tennessee Department of Revenue has recently issued Important Notice #24-01 regarding tax filing extensions for those affected by the Dec. 9, 2023, tornadoes and storms in parts of Tennessee.
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January 25, 2024
The Financial Crimes Enforcement Network has announced that inflation adjustments have significantly increased civil monetary penalties for violating the beneficial ownership information reporting rules and for the unauthorized disclosure or use of BOI.
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