The Internal Revenue Service (IRS) recently announced updates to interest rates for the calendar quarter beginning January 1, 2025. These changes will affect overpayments and underpayments for individuals and corporations,...
The Internal Revenue Service (IRS) is urging businesses to act quickly to address improper Employee Retention Credit (ERC) claims ahead of two critical deadlines. The second Voluntary Disclosure Program ends...
The IRS has announced new retirement contribution limits for 2025, offering taxpayers expanded opportunities to save for the future. These changes reflect cost-of-living adjustments and new provisions under the SECURE...
The Department of the Treasury and the Internal Revenue Service (IRS) have released Revenue Procedure 2024-31 and proposed regulations outlining guidance for the Energy Efficient Home Improvement Credit. These updates...
The Internal Revenue Service (IRS) is issuing a crucial reminder to car dealers and sellers to stay vigilant against the evolving threat of phishing and smishing scams that could disrupt...