Federal Tax Updates

Timely analysis of federal tax law changes, guidance, and developments affecting practitioners.

RMD Changes in 2022

In this week’s blog, Tom O’Saben discusses the new RMD tables for 2022 that impact how much must be withdrawn from IRAs and qualified plans each year. Tom also reminds…

IRS Letter 6419 Explained (Child Tax Credit)

Are you curious about the new IRS Child Tax Credit Letter 6419 is and what you’ll need to do with it when you receive it in the mail? Guest bloggers…

The Day of Reckoning – Is it January 15 or 18?

In today’s blog Tom O’Saben reviews what deadlines have been pushed to January 18, 2022 since Jan. 15 is on a Saturday, and Monday, Jan. 17 is Martin Luther King…

Fourth Quarter Planning with 2021 Premium Tax Credits

It’s time for fourth quarter planning. In today’s blog, Tom O’Saben discusses how fourth quarter planning will be influenced by the tax law changes impacting clients who purchased health insurance…

Employee Retention Credit: Providing Clarity and Examples

In an effort to answer your more pressing questions regarding ERC, I am offering information which was presented during our 2021 Fall Tax School as well as our topic specific…

How Do I Handle the Changing Rules for Form 1099-K for Clients?

The number one question received during 2021 Fall Tax School was “how do I handle the changing rules for Form 1099-K for clients?” Below I’ve outlined some background information and…