The IRS has warned employers to be wary of 3rd parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some are taking improper positions related to taxpayer …

The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual …

The Internal Revenue Service announced today that businesses can now file Form 1099 series information returns using a new online portal, available free from the IRS. Known as the Information Returns Intake System (IRIS), this …

The IRS issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning January 1, 2023, the standard mileage rates for …

Sometimes knowing the distinction between a hobby and business isn’t always clear cut. The IRS has provided resources to assist in understanding the difference. The IRS provides the following information to help a taxpayer determine if …

The IRS recently issued guidance addressing improper forgiveness of a Paycheck Protection Program (PPP) loan. The guidance confirms that, when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible …

Be sure to grab the recently updated Notice 931, Deposit Requirements for Employment Taxes which informs taxpayers of their federal tax deposit requirements for quarterly Form 941 and annual Forms 943, 944, 945 and CT-1. This contains a thorough …