The proposed IRS regulations on Donor-Advised Funds introduce potential shifts in how these funds are managed. With possible retroactive effects and new compliance hurdles on the horizon, the time to...
(authored by RSM US LLP) IRS Grants disaster relief to Texas taxpayers located in certain counties. Affected taxpayers have until Nov. 1, 2024, to file returns and make payments....
Many of our tax accountants have observed that clients are experiencing smaller refunds for 2023, with 2024 withholding amounts also showing a reduction compared to last year. The IRS has...
Understand the IRS's new e-filing system for Form 8300, designed to simplify the reporting of cash transactions over $10,000. Learn who must file, the e-filing requirements, and how to apply...
(authored by RSM US LLP) IRS announces initiative aimed at high-income earners who have not filed tax returns. IRS estimates 125,000 instances of non-filing....
The IRS is offering a penalty relief program to taxpayers affected by its operational difficulties during the pandemic. Find out if you qualify for this program that is expected to...
(authored by RSM US LLP) The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C....
Authored by RSM US LLP, December 22, 2023 On Dec. 21, 2023, the IRS announced the details of an anticipated employee retention credit Voluntary Disclosure program (ERC-VDP) for employers who claimed and received an ERC...