...to easily qualify for the ERC without diligently determining whether the companies qualify. Many companies have been swayed by these sales pitches, often to the dismay of their tax advisers....
...with a revenue officer. The IRS has ended most unannounced visits to taxpayers by revenue officers. Ending unannounced visits to taxpayers will increase confidence in IRS’s tax administration work and...
...one or more types other than Form 8300 in 2024. Over 400,000 Forms 8300 were filed in the calendar year 2022. An IRS representative said the Service could not immediately...
...Reported on Form 1099-K Payment card companies, payment apps, and online marketplaces must file Form 1099-K with the IRS. They must send taxpayers a copy of the form by January...
...sources outside of Puerto Rico. Due to concerns regarding potential abuses of the Puerto Rico Act 2022, in January 2021, the IRS included Puerto Rico Act 2022 in its compliance...
...FBAR penalties Summary of most common international tax reporting forms RSVP: https://www.wgcpas.com/reporting-foreign-assets-activities-requirements-and-challenges/ CPE: 1.5 NJ credits WHEN: Monday, April 24th, 2023 Networking & Snacks: 6:00-6:30 PM CPE Seminar: 6:30-8:00 PM...
On December 22, 2022, New Jersey Governor Murphy signed into law a new rule that eliminates the need to make separate New Jersey S elections. The law primarily conforms New...
Tax fraud can take many different forms. Below are the top federal tax fraud cases last year. Crypto Seizures: more than $7 billion. In February, 2022, it was announced that...
...in the 2022 tax year. In order to determine whether or not to make this election, the fiduciary should compute the trust’s 2022 fiduciary accounting income, distributable net income and...
...fiscal year 2022, the IRS was left with only some 1,400 staff-years of revenue agent time to apply to the 165 million income tax 1040 returns that were filed because...
...a Form 1099-K at year-end. What does this mean for tax year 2022 filings? Companies such as Venmo, PayPal, and Cash App, known as Third-Party Settlement Organizations (TPSOs), are required...
The idea of a visit to an attorney for your estate planning can be unsettling and daunting for many people. As a result, people often procrastinate. To help facilitate the...
