October 19, 2023
As part of a larger effort to protect small businesses and organizations from scams, the IRS recently announced the details of a special withdrawal process to help those who filed an Employee Retention Credit claim and are concerned about its accuracy.
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October 17, 2023
As part of larger transformation efforts underway, the IRS recently announced key details about its Direct File pilot for the 2024 filing season, with several states planning to join the effort.
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October 12, 2023
The Social Security Administration (SSA) recently announced that individual taxable earnings of up to $168,600 annually will be subject to Social Security tax in 2024.
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October 6, 2023
The IRS recently issued proposed regulations, Revenue Procedure 2023-33 and frequently asked questions for the transfer of new and previously owned clean vehicle credits from the taxpayer to an eligible entity for vehicles placed in service after Dec. 31, 2023.
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September 29, 2023
As part of a larger effort to improve technology, the IRS recently announced an expansion of Tax Pro Account capabilities.
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September 25, 2023
The IRS recently released Notice 2023-68, which raises the special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel starting Oct. 1.
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September 20, 2023
The Tennessee Department of Revenue reports that TNTAP will undergo maintenance later this month.
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September 14, 2023
Amid rising concerns about a flood of improper Employee Retention Credit (ERC) claims, the IRS announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams.
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September 12, 2023
The U.S. Treasury Department and the IRS recently issued Notice 2023-64 to provide additional interim guidance designed to help corporations determine whether the new corporate alternative minimum tax applies to them and how to compute the tax.
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September 5, 2023
The IRS recently announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return.
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