These red flags that can trigger an IRS tax audit are ‘low hanging fruit,' expert says
IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...
JD Supra1d
IRS Issues Proposed Regulations on Secure 2.0 Catch-Up Provisions
The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply ...
You could see this tax form for the ‘first time ever' this season, taxpayer advocate says
You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.
The IRS Is Watching: 5 Red Flags That Could Trigger an Audit
The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...
The National Law Review2d
Let It Be…Taxed? The Carried Interest Debate Continues
Congressional Republican leaders met with President Donald Trump to address the Trump Administration’s 2025 budget and tax ...
JD Supra8d
IRS releases catch up Roth Guidance
The Internal Revenue Service (“IRS”) issued proposed regulations regarding the provisions of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) that relate ...
JD Supra9d
IRS Eases Form 1095-C Burden for Employers
President Biden recently signed two new laws that significantly reduce the ACA compliance burden for employers by streamlining Form 1095 reporting ...
Young and the Invested on MSN9d
How Do the 2025 Tax Brackets Compare to the 2024 Brackets?
Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...
JD Supra10d
IRS Roundup January 13 – 17, 2025
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...
JD Supra11d
Questions and Answers: Initial Section 45Z Clean Fuel PTC Guidance
The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...
The National Law Review12d
IRS Issues Guidance on Federal Tax Treatment of State Paid Family and Medical Leave Contributions and Benefits
The Internal Revenue Service (IRS) has released new guidance on the federal income and employment tax treatment of ...
CNET14d
Haven't Received Your W-2 Tax Form Yet? Here's What to Do
Here's why you need that form for the 2025 tax season and what to do if you haven't gotten yours yet. Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English ...