ERC Voluntary Disclosure Program
Many organizations have filed for and received an Employee Retention Credit (ERC). The IRS has determined that questionable ERC claims were filed by ineligible organizations and are offering a voluntary disclosure program through March 22, ...
IRS Delays Implementation of New Rules for 1099-K Forms
Under a new rule enacted in 2021, third-party payment processors must issue a Form 1099-K to any individual who receives $600 or more in payments for goods or services during a year. However, IRS officials ...
New Credit Rules Could Mean Paying Less for a Clean Vehicle in 2024
Starting January 1, 2024, buyers of new and used electric (EV), plug-in hybrid (PHEV) and fuel cell vehicles may transfer the Clean Vehicle Credit to a car dealer in exchange for a lower price. These ...
Upcoming Tax Deadlines
January
Day
10
Employees Who Work for Tips - If you received $20 or more in tips during December, you must report them to your employer (employees are required to keep a daily record of tips). All tips ...