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Federal Tax Updates

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

ERC Voluntary Disclosure Program Reopened with Updated Terms

ERC Voluntary Disclosure Program Reopened with Updated Terms

The ERC Voluntary Disclosure Program has reopened until November 22, 2024.
Taxpayer Relief After a Disaster

Taxpayer Relief After a Disaster

Unfortunately, natural disasters are all too familiar in the United States. Each year, severe storms, wildfires, hurricanes, and tornadoes occur nationwide, leaving affected taxpayers in challenging situations. Following a natural…
May Deadline Approaches for Securing Stimulus Payments from 2020

May Deadline Approaches for Securing Stimulus Payments from 2020

Most tax practitioners don’t worry about tax deadlines in mid-May. Yes, there’s a deadline for Form 990, Return of Organization Exempt from Income Tax, but not all practitioners prepare those…
Employee vs. Independent Contractor: DOL Issues New Guidance

Employee vs. Independent Contractor: DOL Issues New Guidance

Is the worker performing services for a business considered an independent contractor or an employee? Misclassifying employees as independent contractors is a crucial issue that poses significant costs to workers…
BOI Reporting Requirements Enforced For Most Despite Constitutional Challenge

BOI Reporting Requirements Enforced For Most Despite Constitutional Challenge

Discover how a federal court ruling has put a hold on the Corporate Transparency Act\’s beneficial ownership reporting requirements, impacting over 65,000 businesses. Uncover the constitutional challenge and potential implications for businesses and FinCEN enforcement.
Countdown to ERC Compliance: Voluntary Disclosure Program Deadline March 22

Countdown to ERC Compliance: Voluntary Disclosure Program Deadline March 22

Time is ticking! March 22 marks the crucial deadline for ERC Compliance. Dive into our latest blog, a reprint of IRS Tax Tip reprint (2024-09, Feb. 20, 2024) about this upcoming deadline to participate in the ERC voluntary disclosure program.