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 Review1d
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 ...
The Recipient Copy Deadline for 1099-B, 1099-S, and 1099-MISC is Approaching Fast: TaxBandits Makes Distribution Easy
Businesses must meet the February 18, 2025 deadline to furnish recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (Boxes 8 and 10) ROCK ...
JD Supra3d
IRS Provides Tax Guidance Related to State-Run Paid Family and Medical Leave Programs
On January 16, 2025, the Internal Revenue Service (“IRS”) issued Revenue Ruling 2025-4 (the “Rev. Rul.”). The Rev. Rul. provides guidance on ...
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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 ...
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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 MSN7d
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 Supra8d
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 ...
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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 Review11d
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 ...
JD Supra13d
IRS Clarifies the Federal Income and Employment Tax Treatment of Contributions to and Benefits Paid from State Paid Family and Medical Leave Programs
As mandatory State paid family leave and paid family and medical leave (collectively “PFML”) programs have significantly expanded and proliferated ...