CPA Never under estimate the value
As the March 22 deadline for the ERC voluntary disclosure program approaches, the IRS alerted small businesses to seven red flags that it is focusing on when it reviews claims.
Source: JOA News
Read More here – 7 warning signs that an ERC claim is questionable, from the IRS
The IRS warns that the scammers want to gain access to data and identities so they can file fraudulent tax returns.
Source: Tax News
Read More here – EFIN scam targets tax professionals
The IRS warns that the scammers want to gain access to data and identities so they can file fraudulent tax returns.
Source: JOA News
Read More here – EFIN scam targets tax professionals
Almost 50 new or updated frequently asked questions for the IRS’s Form 1099-K, Payment Card and Third Party Network Transactions, published Tuesday, include guidance on common situations, along with more clarity for payment card industry about which organizations should send Forms 1099-K.
Source: Tax News
Read More here – Form 1099-K frequently asked questions revised
Almost 50 new or updated frequently asked questions for the IRS’s Form 1099-K, Payment Card and Third Party Network Transactions, published Tuesday, include guidance on common situations, along with more clarity for payment card industry about which organizations should send Forms 1099-K.
Source: JOA News
Read More here – Form 1099-K frequently asked questions revised
Many companies report a solid return on investment from their actions to protect and promote privacy, but a few simple steps could boost both profitability and security.
Source: JOA News
Read More here – Privacy and profits: How responsible data protection can drive revenue
A study shows that the Service can collect $561 billion in tax revenue over 10 years if it receives the funding from the Inflation Reduction Act of 2022 as written.
Source: Tax News
Read More here – Study: IRS could collect billions more with full funding
A study shows that the Service can collect $561 billion in tax revenue over 10 years if it receives the funding from the Inflation Reduction Act of 2022 as written.
Source: JOA News
Read More here – Study: IRS could collect billions more with full funding
The IRS issued the 2024 depreciation limitations for passenger automobiles, including those for which bonus depreciation is applied.
Source: Tax News
Read More here – Auto depreciation limitations increase
The IRS issued the 2024 depreciation limitations for passenger automobiles, including those for which bonus depreciation is applied.
Source: JOA News
Read More here – Auto depreciation limitations increase
