IRS suspends processing of ERTC claims
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 [...]
IRS issues guidance on new retirement catch-up contribution rules
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant [...]
The IRS warns businesses about ERTC scams
The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While [...]
PODCAST | Tax Implications for Maryland Cannabis Businesses
In our latest Gorfine, Schiller & Gardyn podcast interview, Aaron Bloom, Director of Tax Services at GSG, discusses the business and tax implications for emerging [...]
Social Security’s future: The problem and the proposals
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered [...]
IRS guidance coming on IRA’s Clean Vehicle Credit
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle Credit, previously known as the Electric Vehicle (EV) Credit. The credit now [...]
Don’t stress about the tax deadline — It’s ok to file an extension!
If you're worried about the tax deadline, it’s fine to file for an extension. But read on -- You might owe some interest. Since April [...]
PODCAST | How to Report Your Taxable Sports Betting Winnings
Matt Keefer, Director of Tax Services at Gorfine, Schiller & Gardyn, discusses what taxpayers need to know about how to report their taxable winnings from [...]
President Biden’s proposed budget includes notable tax provisions
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly [...]
U.S. Supreme Court rules against the IRS on critical FBAR issue
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts [...]
