January 17, 2024 |
News
The Internal Revenue Service has, once again, announced a new initiative aimed at combating dubious Employee Retention Credit (ERC) claims. The IRS recently launched a new Voluntary Disclosure Program to help businesses…
December 21, 2023 |
News
Earlier this week, the IRS announced in Notice 2024-7 that it will be waiving the failure-to-pay penalties for eligible taxpayers that failed to pay back taxes for the tax years 2020 and 2021.…
December 11, 2023 |
News
The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2024 increases to $23,000, up from $22,500 for 2023. The IRS also has issued technical…