by DMJPS PLLC | Mar 13, 2023 | Business Consulting, IRS, Tax Consulting, Tax Watch
The IRS has released a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help is available in Publication 17, Your Federal Income Tax. Several of those resources and tools are highlighted below. This original... by Rollin Groseclose | Oct 20, 2022 | IRS, Tax Watch
Fourth Quarter Estimated tax payments for residents of certain states affected by Hurricane Ian for 2022 are due February 15, 2023, not January 15, 2023 On October 5, 2022, due to the effects of Hurricane Ian, the Internal Revenue Service announced that taxpayers in... by David A. Mize, CPA | Aug 12, 2021 | IRS, Tax Consulting, Tax Watch
The U.S. Treasury Department is seeking to close a “tax gap” that currently exists when businesses accept cryptocurrencies for payment. Cryptocurrencies have gained popularity rapidly and the government is determined to establish rules for reporting cryptocurrency... by DMJPS PLLC | May 7, 2021 | IRS, Tax Watch
The IRS recently issued new guidance regarding the Employee Retention Credit (ERC) as a result of the American Rescue Plan (ARP) passed by Congress in March 2021. WHAT IS THE ERC? The ERC was originally passed in March 2020 as a part of the Coronavirus Aid, Relief,... by Jason King, CPA | Mar 12, 2021 | IRS, Tax Consulting, Tax Watch
Additional Relief under 125 Cafeteria Plans for Employers and Employees IRS Notice 2021-15 provides clarity for additional relief related to COVID-19 under Cafeteria 125 Plans. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the Act) provide temporary...