Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee… Read more »
Categories: Emerging Regulations, Tax, Small Business
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule… Read more »
Categories: Emerging Regulations, Tax
Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021,… Read more »
Categories: Emerging Regulations, BOI, Small Business
In the following Gorfine, Schiller & Gardyn podcast, Aaron Bloom, Director of Tax Services at GSG, discusses all things about the new beneficial ownership reporting… Read more »
Categories: Podcast, Emerging Regulations, BOI, Small Business
For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms… Read more »
Categories: Emerging Regulations, Tax
The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over last, many amounts will… Read more »
Categories: Emerging Regulations, Tax
A number of factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest rates… Read more »
Categories: Emerging Regulations, Tax, Tax Planning
Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this… Read more »
Categories: Emerging Regulations, Tax, Small Business
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at… Read more »
Categories: Emerging Regulations, Tax, Small Business
UPDATE: 1/17/24 The IRS has unveiled their ERTC relief fund plans: The IRS unveils ERTC relief program for employers ____________________________________________ In this Gorfine, Schiller &… Read more »
Categories: Podcast, Emerging Regulations, Small Business
